Solid Power, one of the leaders in the race to commercialize all-solid-state lithium-ion batteries, has been stumbling of late. But a new deal with BMW might give it the boost it needs.
After going public via SPAC in late 2021, Solid Power’s share price followed the all-too-familiar SPAC bump then bust, trading for much of this year at a discount to its $10 debut. Then, in late November, its co-founder and CEO, Douglas Campbell, announced that he was stepping down, hastening the stock’s slide.
Campbell said that while the company had been able to deliver sample cells to partners BMW and Ford on time, it was having trouble finding talent to staff its facilities and high-quality materials to make its batteries.
Solid Power was founded in 2011, the year before battery pioneer A123 Syste …
