On September 23, 2021, the Company announced that its research division, Electrovaya Labs, produced promising initial test results using a proprietary approach for a solid-state (NMC cathode/lithium metal anode) battery. The initial results have demonstrated minimal capacity fade, and multiple tests have demonstrated the repeatability of the performance with coin cells at room temperature.

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Metal lithium has a 10 times higher capacity than standard carbon anodes used in current Li-ion batteries.

https://www.asme.org/topics-resources/content/advancing-battery-technology-for-modern-innovations