Equity Analyst, LightStream Research

Aqila Ali

Equity Analyst

Long-Short Analysis on Japan, Asia and the World

LightStream Research

LightStream conducts quantitatively rigorous and data-driven analysis with a focus on Japan and Asia.

We consistently cover the Tech, Consumer and Industrial sectors, and provide ECM and Events coverage more broadly.

We supplement traditional qualitative insights from company relationships with a robust quantitative foundation that examines as much historical data as is available.
We further refine the accuracy of our insights and calls through the use of alternative data to flesh out current trends, and through a valuation framework that emphasises non-superficial peer group selection and a proper attempt to understand the metrics and changes that have driven security valuations in the past.

Thematic (Sector/Industry)

Colombia Materials / Thematic (Sector/Industry)

<p>Till today, batteries and capacitors have been mainly powered by liquid electrolytes. Especially in the case of EVs which are mostly powered by lithium-ion (Li-ion) batteries. However, battery research is seeing a great shift in recent years with solid-state, lithium-air, and non-lithium batteries starting to gain traction. Solid State Battery technology is seen as a safe alternative for Li-ion batteries. Li-ion batteries which have been in the market for the past 25 years or so, are now beginning to show their limitations in terms of safety, performance, form factor, and cost. As such, Li-ion batteries are starting to lose their attractiveness, with leading automakers looking at alternatives. More specifically, solid-state battery technology has emerged as a hot topic recently, although the technology by itself is in its nascent stage where the commercial application of the technology is yet to gather momentum.</p><p>In this insight, we have examined the progress of solid-state battery technology, its adoption amongst Auto OEMs, and the feasibility of such a technology against the current healthy backdrop for EVs alongside the increasing use of Li-ion batteries.</p>

Till today, batteries and capacitors have been mainly powered by liquid electrolytes. Especially in the case of EVs which are mostly powered by lithium-ion (Li-ion) batteries. However, battery research is seeing a great shift in recent years with solid-state, lithium-air, and non-lithium batteries starting to gain traction. Solid State Battery technology is seen as a safe alternative for Li-ion batteries. Li-ion batteries which have been in the market for the past 25 years or so, are now beginning to show their limitations in terms of safety, performance, form factor, and cost. As such, Li-ion batteries are starting to lose their attractiveness, with leading automakers looking at alternatives. More specifically, solid-state battery technology has emerged as a hot topic recently, although the technology by itself is in its nascent stage where the commercial application of the technology is yet to gather momentum.In this insight, we have examined the progress of solid-state battery technology, its adoption amongst Auto OEMs, and the feasibility of such a technology against the current healthy backdrop for EVs alongside the increasing use of Li-ion batteries.

Commercialisation of Solid-State Battery Technology Seems to Be Taking Too Long