I feel as though most people only see the EV side of Mullen’s market potential. In reality the bigger game changer for Mullen is their patents for SOLID STATE POLYMER BATTERIES; this is something that could be much bigger that just selling an electric vehicle. They could end up selling their batteries to ALL OTHER EV MAKERS through patent protection.
Here is more history to explain. In solid-state batteries, both the electrodes and the electrolytes are solid state. Solid-state electrolyte normally behaves as the separator as well, allowing downscaling due to the elimination of certain components (e.g., separator and casing). Therefore, they can potentially be made thinner, flexible, and contain more energy per unit weight than conventional Li-ion. In addition, the removal of liquid electrolytes can be an avenue for safer, long-lasting batteries as they are more resistant to changes in temperature and physical damages occurred during usage. Solid state batteries can handle more charge/discharge cycles before degradation, promising a longer lifetime.
With a battery market currently dominated by Asian companies, European and US firms are striving to win this arms race that might, in their view, shift added value away from Japan, China, and South Korea. Different material selections and change of manufacturing procedures show an indication of reshuffle of the battery supply chain. From both a technology and business point of view, development of solid-state battery has formed part of the next generation battery strategy. It has become a global game with regional interests and governmental supports.
In addition, with the rapid growth of the EV market and regulation requirement for longer range, battery technologies with better performance - including better safety and higher energy density - are drawing attention from battery vendors, automotive OEMs, material suppliers and investors. Geographically closer to the application market, complete and secure supply chain, superior performance, and potential for cost comparison or even reduction - all these factors drive dozens of players plunging into the solid-state battery business.
Disclaimer: I am not a paid promoter, broker nor an officer of a
public company. My posts should not be construed as a
recommendation to buy or sell securities.
