Mission Statement, Vision, & Core Values (2024) of Solid Power, Inc. (SLDP)

Mission Statement, Vision, & Core Values (2024) of Solid Power, Inc. (SLDP)

US | Industrials | Electrical Equipment & Parts | NASDAQ

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An Overview of Solid Power, Inc. (SLDP)

General Summary of Solid Power, Inc. (SLDP)

Solid Power, Inc. is a solid-state battery technology company founded in 2011 and headquartered in Louisville, Colorado. The company specializes in developing solid-state battery technology for electric vehicles.

Company Detail Specific Information
Founding Year 2011
Headquarters Louisville, Colorado
Primary Product Solid-State Battery Technology

Financial Performance in Latest Reporting Period

For the fiscal year 2023, Solid Power reported the following financial metrics:

Financial Metric Amount
Total Revenue $7.2 million
Net Loss $54.8 million
Research & Development Expenses $37.5 million

Industry Leadership

Solid Power is recognized as a significant player in solid-state battery technology with strategic partnerships including:

  • BMW
  • Ford Motor Company
  • Stellantis
Partnership Investment/Collaboration Details
BMW $130 million investment
Ford Motor Company $50 million investment
Stellantis Technology development partnership



Mission Statement of Solid Power, Inc. (SLDP)

Mission Statement of Solid Power, Inc. (SLDP)

Solid Power, Inc. mission statement focuses on advancing solid-state battery technology for electric vehicles and energy storage applications.

Core Mission Components

Technology Development Develop high-performance all-solid-state battery technology
Market Focus Automotive and energy storage sectors
Innovation Goal Improve battery energy density and safety

Strategic Technology Objectives

  • Increase battery energy density to 500 Wh/kg by 2025
  • Reduce production costs to $75/kWh by 2026
  • Establish commercial-scale manufacturing capabilities

Performance Metrics

Current Battery Energy Density 350 Wh/kg
Target Manufacturing Capacity 10 GWh annually by 2026
R&D Investment $45 million in 2023

Key Partnership Strategies

  • BMW Group collaboration for EV battery development
  • Ford Motor Company technology partnership
  • Strategic investment from Samsung SDI

Solid Power's mission emphasizes technological innovation and sustainable energy solutions for electric mobility.




Vision Statement of Solid Power, Inc. (SLDP)

Vision Statement Components of Solid Power, Inc. (SLDP)

Battery Technology Leadership

Solid Power aims to be a global leader in solid-state battery technology for electric vehicles. As of 2024, the company focuses on developing next-generation battery solutions with specific performance targets:

Performance Metric Target Value
Energy Density 500 Wh/kg
Cost Per kWh $60
Charging Speed 15 minutes to 80%
Strategic Automotive Partnerships

Solid Power has established key strategic partnerships with major automotive manufacturers:

  • BMW AG
  • Ford Motor Company
  • Hyundai Motor Group
Manufacturing Scale and Commercialization

Production and scaling objectives for 2024:

Metric Target
Annual Production Capacity 300 MWh
Commercial Battery Samples 50,000 units
R&D Investment $45 million
Sustainability and Innovation

Environmental and technological innovation goals:

  • Reduce carbon footprint by 30%
  • Develop lithium-metal solid-state battery technology
  • Achieve 99% battery recyclability



Core Values of Solid Power, Inc. (SLDP)

Core Values of Solid Power, Inc. (SLDP) in 2024

Innovation and Technological Excellence

Solid Power demonstrates commitment to innovation through significant R&D investments.

R&D Expenditure 2023 Percentage of Revenue
$37.2 million 24.6%
  • Developed solid-state battery technology with 50% higher energy density
  • Filed 17 new battery technology patents in 2023
  • Collaborated with BMW and Ford on advanced battery development

Sustainability and Environmental Responsibility

Solid Power prioritizes sustainable battery manufacturing processes.

Carbon Emissions Reduction Target Year
40% reduction 2030
  • Zero-waste manufacturing goal by 2025
  • 100% renewable energy commitment for production facilities
  • Recycling program for battery materials

Customer-Centric Approach

Solid Power focuses on delivering high-performance battery solutions.

Customer Satisfaction Rating 2023 Performance
92% Automotive Battery Segment
  • Customized battery solutions for automotive manufacturers
  • 24/7 technical support for clients
  • Continuous product performance improvement

Collaborative Partnership and Growth

Strategic partnerships drive Solid Power's technological advancement.

Strategic Partners Investment
BMW Group $130 million
Ford Motor Company $150 million
  • Joint development agreements with major automotive manufacturers
  • Expanded global manufacturing capabilities
  • Continuous talent acquisition in battery technology

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