DALLAS, Nov. 25, 2024 /PRNewswire/ — Solidion Technology, Inc. (NASDAQ: STI), an advanced battery materials provider, announced a strategic Memorandum of Understanding (MOU) with Giga Solar Materials Corp., a Taiwanese materials manufacturer. This partnership aims to accelerate the production of innovative Silicon Oxide (SiOx) anode materials in the United States and strengthen the lithium battery materials supply chain in North America.
Leveraging Solidion’s extensive patent portfolio and research and development capabilities, the collaboration with Giga Solar, along with a previously announced partnership with Bluestar Materials Company, will focus on providing a comprehensive solution for high-quality SiOx anode materials. Foxconn, the global electronics manufacturer, has already invested in Giga Solar through its subsidiary, Giga Storage Corp.
Silicon and Silicon Oxide are gaining traction as preferred solutions in battery technology, surpassing solid-state technology in some cases. These advanced materials offer a significant increase in specific capacity compared to traditional graphite anodes, while maintaining safety and stability—critical for improving lithium-ion battery performance.
Enhanced anode technology is vital for extending the durability and range of electric vehicles (EVs), thereby addressing a significant challenge within the EV industry. The MOU also positions Solidion and Giga Solar, who have an existing capacity of approximately 100 Metric Tons per Annum (MTPA) in Taiwan, to further explore U.S.-based manufacturing opportunities and market strategies for commercializing advanced SiOx solutions.
With the growing demand for EVs and related energy storage systems, Silicon Oxide is emerging as a preferred anode material due to its notable advantages over conventional battery technologies.
“The agreement highlights Solidion’s commitment to promoting innovation in the energy storage sector. By working with Giga Solar, we are accelerating the introduction of advanced silicon-based solutions that not only enhance battery performance but also help us to meet the growing market demand,” said Jaymes Winters, CEO of Solidion Technology, Inc. “This partnership reflects our dedication to delivering battery solutions that prioritize efficiency, durability, and sustainability.”
Solidion’s collaboration with Giga Solar is expected to generate several valuable outcomes:
- The industrialization of an optimized production process for SiOx anodes.
- The possibility of reduced production costs through innovation and collaboration.
- The establishment of a more robust supply chain for SiOx materials in the U.S. market.
- Enhanced opportunities to capture market share in the growing EV and energy storage industries.
For more information, please visit www.solidiontech.com or contact Investor Relations.
About Solidion Technology
Headquartered in Dallas, Texas, with pilot production facilities in Dayton, Ohio, Solidion (NASDAQ: STI) manufactures battery materials and components, as well as develops and produces next-generation batteries for energy storage systems and electric vehicles for ground, air, and sea transportation. Solidion holds a portfolio of over 550 patents, covering innovations such as high-capacity, non-silane gas and graphene-enabled silicon anodes, biomass-based graphite, and advanced lithium-sulfur and lithium-metal technologies.
About Giga Solar Materials Corp.
Headquartered in Hsinchu, Taiwan, with production facilities in both Taiwan and China, Giga Solar (3691.TWO) manufactures conductive paste for PV cells and electronic components. Being one of the top 3 conductive paste manufacturers, Giga Solar also focuses on the development and production of next-generation materials for battery applications.
About Bluestar Materials Company
Bluestar Materials Inc. is a materials and process design company founded by Professor Chung-Wen Lan at National Taiwan University (NTU), specializing in developing production technologies for next-generation battery materials. The company’s first silicon monoxide (SiO) production facility has been successfully implemented and is currently utilized by Giga Solar. Furthermore, innovative and cost-effective technology for amorphous silicon is under development.
Forward-Looking Statements
This earnings release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the current beliefs and expectations of Solidion’s management and are subject to significant risks and uncertainties. Actual results may differ from those set forth in the forward-looking statements. Factors that could cause Solidion’s actual results to differ materially from those described in the forward-looking statements can be found in Solidion’s Annual Report on Form 10-K for the year ended December 31, 2023 and Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2024, which have been filed with the Securities and Exchange Commission and are available on Solidion’s website, and on the Securities and Exchange Commission’s website (www.sec.gov). Solidion does not undertake to update any forward-looking statements.
SOURCE Solidion Technology, Inc.
