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Easily one of the biggest movers on Friday was solid-state battery (SSB) technology specialist Microvast (MVST), which saw its equity gain almost 26%. To be fair, SSB ended up losing about 2% for the business week ending Jan. 10. Still, the question surrounds the forward viability of MVST stock thanks to a groundbreaking development.
Last Thursday morning, Microvast announced a major milestone, forwarding an SSB that eliminates the liquid electrolytes used in traditional batteries. Fundamentally, this innovation significantly improves safety, along with energy density (or the amount of energy stored per unit of weight or volume) and system efficiency. Naturally, such an advanced battery system can have serious implications for data center backups, electric vehicles and advanced robotics.