He mentioned that their EV will go into production with standard Lithium Ion battery tech, then will utilize a new generation of Lithium Sulfur Batteries and hopefully to be utilizing the solid state batteries by 2025.
Keep in mind the testing being done on battery packs for EVs before commercialization can take years. Once you have performing cells, you need to scale up to performing packs and those all have to undergo years of charge discharge cycles to prove out. Mass production and quality control need to be proven and tested.
Mullen just did what Fisker did years ago, claimed the Holy Grail of batteries and then will go conventional. Fisker as least fessed up that with solid state batteries you can think you are close and the final development eludes you for years. I think Fisker gave up.
This might happen here, most likely the selloff was due to the fact that the battery will not be available for years, so why should it affect the stock price now ?
jmo
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