There’s been a new breakthrough in solid state batteries. And a publicly traded company is behind it.

‍What’s happening:‍

• Microvast (NASDAQ: MVST) has announced they have made a new breakthrough in battery technology by successfully developing a All-Solid-State-Battery that completely eliminates liquid electrolytes
  

Why it matters:‍

• Microvast’s new battery design not only removes liquid electrolytes but also significantly improves overall safety and energy density
  

By the numbers:‍

• The new battery from Microvast can operate between 12 volts and 21 volts, which would not be possible for an battery that contains liquid electrolytes
  

Going deeper:‍

• Microvast’s new battery design could be hugely important for a wide range of potential applications, including providing back up electricity for data centres, powering electric vehicles and even being installed in robotics
  
• Microvast will now advance their new design into a pilot production study in which they will aim to validate how to manufacture their new All-Solid-State-Battery at commercial scale

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