Solid Power’s Q1 Net Loss Widens to $19 Million on Higher R&D Expenses

Revenue jumped 81% to $3.8 million due to meeting joint development agreements

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Solid Power, which develops all-solid-state battery technology for electric vehicles (EV), said its net loss widened to $19.2 million in the first quarter (Q1) of 2023 compared to the loss of $10.3 million year-over-year (YoY), primarily due to higher research and development expenses.

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