Solid Power, Inc.,(SLDP) rallied 24.98% to $6.31, gaining $0.98, after announcing a strategic collaboration with Samsung SDI and BMW to develop and validate all-solid-state battery or ASSB technology.
Under the agreement, Solid Power will supply its sulfide-based solid electrolyte to Samsung SDI, which will integrate it into cells that BMW will evaluate for performance in upcoming demonstration vehicles.
CEO John Van Scoter said the partnership marks "a key step towards commercialization of ASSB technology," highlighting improved safety, energy density, and battery life relative to conventional lithium-ion systems.
SLDP opened at $5.45, reached a high of $6.50 and a low of $5.40, compared to the previous close of $5.33 on the Nasdaq. Trading volume surged significantly above average. The stock's 52-week range is approximately $1.20 - $7.20.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.