Silicon Anode Batteries Market by Battery Type (Lithium-Ion (Li-ion) Silicon Anodes Batteries, Solid-State Silicon Anodes Batteries), Capacity Range (1,500 to 2,500 mAh, Above 2,500 mAh, Below 1,500 mAh), Manufacturing Process, Form Factor, End-Use Indust
Description
The Silicon Anode Batteries Market was valued at USD 432.09 million in 2024 and is projected to grow to USD 473.53 million in 2025, with a CAGR of 10.23%, reaching USD 942.21 million by 2032.
A concise orienting overview of silicon anode battery innovations and the systemic implications for manufacturers integrators and technology strategists
Silicon anode battery technologies are redefining expectations for energy density, cycle life, and form factor flexibility in a rapidly evolving power ecosystem. Advances in material chemistry and manufacturing techniques have propelled silicon-based anodes from laboratory curiosities into credible alternatives to conventional graphite anodes, with clear implications for mobility, consumer devices, and stationary storage. This introduction situates silicon anode developments within the broader trajectory of battery innovation and frames the technical and commercial imperatives that industry participants must address now.
As stakeholders across supply chains evaluate adoption, they must weigh performance improvements against integration challenges including electrode architecture, binder chemistry, and first-cycle efficiency management. Early adopters that prioritize systems-level compatibility and iterative scaling strategies are best positioned to capture upside while mitigating technical risk. The following analysis presents the strategic landscape, regulatory headwinds, segmentation nuances, regional dynamics, and corporate maneuvers that will influence the pace and shape of silicon anode deployment over the near to medium term.
How technological breakthroughs process innovations and evolving regulatory expectations are reshaping commercialization pathways and industry partnerships
Recent shifts in technology, policy, and supply chain configuration have created a transformative moment for silicon anode batteries, altering development priorities and commercialization timelines. On the technology front, improved electrode formulations, hybrid composite anodes, and process refinements have reduced major technical trade-offs previously associated with silicon such as volumetric expansion and first-cycle losses. These developments have enabled a transition from component-level demonstrations to pilot-scale production, triggering renewed investment across materials suppliers and cell manufacturers.
Concurrently, changes in regulatory expectations and sustainability reporting have pushed OEMs and suppliers to re-evaluate raw material sourcing and lifecycle impacts. Strategic partnerships between materials innovators and established cell makers are accelerating integration pathways, while manufacturing process innovations like scalable vapor deposition and advanced etching promise to lower cost and yield variability. Taken together, these dynamics are rebalancing risk tolerances and opening new deployment windows across automotive, consumer electronics, and energy storage applications.
Assessing the strategic consequences of 2025 tariff measures on supply chain localization procurement strategy and long term manufacturing investments
The tariff environment introduced in 2025 has added a new strategic dimension to supply chain configuration for silicon anode battery stakeholders, prompting reassessment of sourcing, manufacturing footprints, and contract structures. Tariff measures that affect precursor materials, finished cells, and intermediate components have increased the relative importance of regional manufacturing capabilities and vertical integration as tools to insulate cost structures from trade policy volatility. This dynamic has encouraged firms to accelerate localization of key production stages and to seek alternative supply networks closer to end markets.
In response, manufacturers and OEMs have revisited long-term procurement contracts, prioritized domestic qualification pipelines, and staged capital projects that reduce exposure to cross-border tariff risk. The cumulative effect of tariffs has been to sharpen decision-making around where to site capacity, how to structure supplier partnerships, and which technology pathways to prioritize for onshore development. While tariffs complicate short-term sourcing economics, they also create incentives for investment in regional talent, equipment, and certification capabilities that could yield strategic advantages for firms willing to commit to longer-term domestic buildout and collaborative innovation models.
Integrated segmentation insights that connect battery type capacity manufacturing process form factor and end use industry to strategic product and commercialization choices
Understanding demand and development vectors requires a granular view of the market by battery type, capacity range, manufacturing process, form factor, and end-use industry. Differentiation between lithium-ion silicon anodes and solid-state silicon anodes informs technical readiness and integration pathways, with lithium-ion variants typically presenting nearer-term adoption opportunities while solid-state approaches promise longer-term gains in safety and energy density. Capacity segmentation-below 1,500 mAh, 1,500 to 2,500 mAh, and above 2,500 mAh-maps directly to application envelopes, where wearables and compact consumer devices prioritize lower-capacity designs and automotive and grid applications pursue higher-capacity architectures.
Manufacturing process choices such as electrochemical etching, mechanical milling, and vapor deposition determine scalability, unit cost, and material properties, and they should be evaluated against desired electrode microstructures and production throughput. Form factor considerations-cylindrical cells, pouch cells, and prismatic cells-affect thermal management, packaging, and system integration decisions and are closely linked to target applications. End-use segmentation across aerospace, automotive, consumer electronics, energy and power, and medical devices highlights distinct qualification requirements and adoption timelines; within automotive the split between commercial vehicles and passenger vehicles alters cycle-life expectations and service models, while consumer electronics subsegments including laptops, smartphones and tablets, and wearables present varied priorities around size, weight, and charge retention. Integrating these segmentation lenses helps leaders prioritize technical development, pilot programs, and customer engagement strategies to align product roadmaps with specific end-market needs.
How regional policy incentives regulatory regimes and existing manufacturing ecosystems are shaping adoption trajectories and investment priorities across global regions
Regional dynamics play a decisive role in determining where silicon anode systems will achieve commercial scale and which value chain configurations will prevail. In the Americas, a combination of policy incentives, near-term investment capital, and demand from automotive and energy enterprises is catalyzing domestic cell and materials projects. This region’s focus on industrial policy and incentives has prompted suppliers to evaluate local partnerships and capacity buildouts to reduce exposure to international supply chain friction and align with OEM localization strategies.
Europe, Middle East & Africa presents a different mix of regulatory rigor, sustainability mandates, and industrial collaboration models that favor demonstrable lifecycle performance and circularity. Firms operating in this region must navigate stringent standards and certification pathways while leveraging collaborative consortia to share pilot facilities and testbeds. Asia-Pacific continues to host significant manufacturing density and supplier ecosystems, offering deep component supply, specialized process know-how, and rapid scaling capability. However, rising labor and input costs, along with policy shifts and trade measures, are encouraging selective diversification and strategic investment in higher-value material processing and cell assembly inside the region and beyond. These regional variations require tailored go-to-market plans and investment profiles that reflect local demand drivers, regulatory expectations, and access to skilled talent.
Competitive dynamics focused on materials differentiation scalable processing and strategic partnerships that accelerate qualification and customer adoption
Competitors in the silicon anode landscape are differentiated by their focus on materials innovation, process scalability, integration partnerships, and route-to-market strategies. Some firms concentrate on proprietary material chemistries and advanced binder systems aimed at resolving silicon’s mechanical stress issues, while others invest heavily in manufacturing-process IP such as vapor deposition, etching, or milling to secure scalable, repeatable production. Strategic alignment with cell manufacturers, OEMs, and tiered suppliers accelerates real-world validation and provides pathways for co-development and qualification across demanding applications like automotive and aerospace.
Companies that prioritize modular pilot lines, transferable process recipes, and demonstrable reliability records are more likely to attract OEMs seeking conservative integration paths. Conversely, firms with deep materials science capabilities but limited scale-up experience may find value in technology licensing or joint ventures to bridge the gap between lab performance and production readiness. Across the competitive set, firms that can articulate clear total-cost-of-ownership benefits, provide robust qualification data, and support system-level integration will command stronger commercial traction. Ongoing consolidation and selective strategic investments are likely as companies pursue complementary capabilities and aim to secure offtake agreements with anchor customers.
Actionable strategies for leaders to de risk scale up secure supply chains and accelerate qualification while aligning commercialization with end user requirements
Industry leaders should adopt a balanced approach that accelerates technical de-risking while building resilient supply chains and customer relationships. Prioritize modular pilot lines and iterative scale-up projects that enable rapid learning and a phased capital commitment. This pathway reduces the risk of large, early-stage investments while generating the throughput needed for OEM qualification and enabling timely adaptation of electrode formulations and binder chemistries.
Simultaneously, pursue strategic partnerships across the value chain to secure precursor materials, collaborate on cell integration, and co-develop validation protocols. Localizing critical production steps where policy incentives and demand concentrations align helps mitigate tariff exposure and shortens qualification cycles. Invest in rigorous reliability testing and transparent lifecycle analyses to address OEM and regulatory requirements, and offer tailored engagement packages for priority end users to accelerate adoption in automotive, consumer electronics, and energy applications. Combining a disciplined technical roadmap with targeted commercial engagements and supply chain resilience measures will maximize the probability of sustainable scale-up and market acceptance.
A rigorous mixed methods approach combining expert interviews patent analysis technical literature and corporate disclosures to validate technological and commercial insights
This research synthesis relies on a mixed-methods approach that integrates primary interviews with subject-matter experts, technical white papers, patent landscaping, and publicly available regulatory and policy documents to construct a comprehensive view of the silicon anode landscape. Primary inputs include structured conversations with materials scientists, cell engineers, OEM integration leads, and supply chain executives, which were triangulated with technical performance data and process descriptions found in peer-reviewed journals and industry conference proceedings.
Secondary analysis incorporated corporate disclosures, technology roadmaps, and equipment vendor specifications to validate claims about manufacturability and scaleability. Patent analysis provided visibility into proprietary process and materials innovations while lifecycle and regulatory documents helped assess compliance trajectories. The methodological approach emphasizes cross-validation between technical evidence and commercial signals to ensure conclusions reflect both laboratory progress and real-world integration challenges.
Synthesis of technical promise commercial pathways and strategic priorities that determine the speed and scale of silicon anode adoption across sectors
Silicon anode batteries represent a compelling technological vector with the potential to shift tradeoffs between energy density, weight, and lifecycle performance across multiple industries. Realizing that potential requires coordinated investments in materials science, manufacturing processes, and system integration, as well as adaptive commercial strategies that recognize regional policy influences and tariff implications. The path to widespread adoption will be uneven: early wins are likely in applications where form factor and energy density deliver clear competitive differentiation and where qualification cycles align with supplier capabilities.
Longer-term success depends on demonstrated reliability, cost-competitive manufacturing, and the ability to scale production without sacrificing performance consistency. Firms that combine technical excellence with pragmatic scale-up strategies and proactive engagement with OEMs and regulators will find the most productive routes to commercialization. Ultimately, the convergence of improved materials, optimized processes, and strategic supply chain choices will determine the speed and breadth of silicon anode integration into mainstream battery portfolios.
Note: PDF & Excel + Online Access - 1 Year
A concise orienting overview of silicon anode battery innovations and the systemic implications for manufacturers integrators and technology strategists
Silicon anode battery technologies are redefining expectations for energy density, cycle life, and form factor flexibility in a rapidly evolving power ecosystem. Advances in material chemistry and manufacturing techniques have propelled silicon-based anodes from laboratory curiosities into credible alternatives to conventional graphite anodes, with clear implications for mobility, consumer devices, and stationary storage. This introduction situates silicon anode developments within the broader trajectory of battery innovation and frames the technical and commercial imperatives that industry participants must address now.
As stakeholders across supply chains evaluate adoption, they must weigh performance improvements against integration challenges including electrode architecture, binder chemistry, and first-cycle efficiency management. Early adopters that prioritize systems-level compatibility and iterative scaling strategies are best positioned to capture upside while mitigating technical risk. The following analysis presents the strategic landscape, regulatory headwinds, segmentation nuances, regional dynamics, and corporate maneuvers that will influence the pace and shape of silicon anode deployment over the near to medium term.
How technological breakthroughs process innovations and evolving regulatory expectations are reshaping commercialization pathways and industry partnerships
Recent shifts in technology, policy, and supply chain configuration have created a transformative moment for silicon anode batteries, altering development priorities and commercialization timelines. On the technology front, improved electrode formulations, hybrid composite anodes, and process refinements have reduced major technical trade-offs previously associated with silicon such as volumetric expansion and first-cycle losses. These developments have enabled a transition from component-level demonstrations to pilot-scale production, triggering renewed investment across materials suppliers and cell manufacturers.
Concurrently, changes in regulatory expectations and sustainability reporting have pushed OEMs and suppliers to re-evaluate raw material sourcing and lifecycle impacts. Strategic partnerships between materials innovators and established cell makers are accelerating integration pathways, while manufacturing process innovations like scalable vapor deposition and advanced etching promise to lower cost and yield variability. Taken together, these dynamics are rebalancing risk tolerances and opening new deployment windows across automotive, consumer electronics, and energy storage applications.
Assessing the strategic consequences of 2025 tariff measures on supply chain localization procurement strategy and long term manufacturing investments
The tariff environment introduced in 2025 has added a new strategic dimension to supply chain configuration for silicon anode battery stakeholders, prompting reassessment of sourcing, manufacturing footprints, and contract structures. Tariff measures that affect precursor materials, finished cells, and intermediate components have increased the relative importance of regional manufacturing capabilities and vertical integration as tools to insulate cost structures from trade policy volatility. This dynamic has encouraged firms to accelerate localization of key production stages and to seek alternative supply networks closer to end markets.
In response, manufacturers and OEMs have revisited long-term procurement contracts, prioritized domestic qualification pipelines, and staged capital projects that reduce exposure to cross-border tariff risk. The cumulative effect of tariffs has been to sharpen decision-making around where to site capacity, how to structure supplier partnerships, and which technology pathways to prioritize for onshore development. While tariffs complicate short-term sourcing economics, they also create incentives for investment in regional talent, equipment, and certification capabilities that could yield strategic advantages for firms willing to commit to longer-term domestic buildout and collaborative innovation models.
Integrated segmentation insights that connect battery type capacity manufacturing process form factor and end use industry to strategic product and commercialization choices
Understanding demand and development vectors requires a granular view of the market by battery type, capacity range, manufacturing process, form factor, and end-use industry. Differentiation between lithium-ion silicon anodes and solid-state silicon anodes informs technical readiness and integration pathways, with lithium-ion variants typically presenting nearer-term adoption opportunities while solid-state approaches promise longer-term gains in safety and energy density. Capacity segmentation-below 1,500 mAh, 1,500 to 2,500 mAh, and above 2,500 mAh-maps directly to application envelopes, where wearables and compact consumer devices prioritize lower-capacity designs and automotive and grid applications pursue higher-capacity architectures.
Manufacturing process choices such as electrochemical etching, mechanical milling, and vapor deposition determine scalability, unit cost, and material properties, and they should be evaluated against desired electrode microstructures and production throughput. Form factor considerations-cylindrical cells, pouch cells, and prismatic cells-affect thermal management, packaging, and system integration decisions and are closely linked to target applications. End-use segmentation across aerospace, automotive, consumer electronics, energy and power, and medical devices highlights distinct qualification requirements and adoption timelines; within automotive the split between commercial vehicles and passenger vehicles alters cycle-life expectations and service models, while consumer electronics subsegments including laptops, smartphones and tablets, and wearables present varied priorities around size, weight, and charge retention. Integrating these segmentation lenses helps leaders prioritize technical development, pilot programs, and customer engagement strategies to align product roadmaps with specific end-market needs.
How regional policy incentives regulatory regimes and existing manufacturing ecosystems are shaping adoption trajectories and investment priorities across global regions
Regional dynamics play a decisive role in determining where silicon anode systems will achieve commercial scale and which value chain configurations will prevail. In the Americas, a combination of policy incentives, near-term investment capital, and demand from automotive and energy enterprises is catalyzing domestic cell and materials projects. This region’s focus on industrial policy and incentives has prompted suppliers to evaluate local partnerships and capacity buildouts to reduce exposure to international supply chain friction and align with OEM localization strategies.
Europe, Middle East & Africa presents a different mix of regulatory rigor, sustainability mandates, and industrial collaboration models that favor demonstrable lifecycle performance and circularity. Firms operating in this region must navigate stringent standards and certification pathways while leveraging collaborative consortia to share pilot facilities and testbeds. Asia-Pacific continues to host significant manufacturing density and supplier ecosystems, offering deep component supply, specialized process know-how, and rapid scaling capability. However, rising labor and input costs, along with policy shifts and trade measures, are encouraging selective diversification and strategic investment in higher-value material processing and cell assembly inside the region and beyond. These regional variations require tailored go-to-market plans and investment profiles that reflect local demand drivers, regulatory expectations, and access to skilled talent.
Competitive dynamics focused on materials differentiation scalable processing and strategic partnerships that accelerate qualification and customer adoption
Competitors in the silicon anode landscape are differentiated by their focus on materials innovation, process scalability, integration partnerships, and route-to-market strategies. Some firms concentrate on proprietary material chemistries and advanced binder systems aimed at resolving silicon’s mechanical stress issues, while others invest heavily in manufacturing-process IP such as vapor deposition, etching, or milling to secure scalable, repeatable production. Strategic alignment with cell manufacturers, OEMs, and tiered suppliers accelerates real-world validation and provides pathways for co-development and qualification across demanding applications like automotive and aerospace.
Companies that prioritize modular pilot lines, transferable process recipes, and demonstrable reliability records are more likely to attract OEMs seeking conservative integration paths. Conversely, firms with deep materials science capabilities but limited scale-up experience may find value in technology licensing or joint ventures to bridge the gap between lab performance and production readiness. Across the competitive set, firms that can articulate clear total-cost-of-ownership benefits, provide robust qualification data, and support system-level integration will command stronger commercial traction. Ongoing consolidation and selective strategic investments are likely as companies pursue complementary capabilities and aim to secure offtake agreements with anchor customers.
Actionable strategies for leaders to de risk scale up secure supply chains and accelerate qualification while aligning commercialization with end user requirements
Industry leaders should adopt a balanced approach that accelerates technical de-risking while building resilient supply chains and customer relationships. Prioritize modular pilot lines and iterative scale-up projects that enable rapid learning and a phased capital commitment. This pathway reduces the risk of large, early-stage investments while generating the throughput needed for OEM qualification and enabling timely adaptation of electrode formulations and binder chemistries.
Simultaneously, pursue strategic partnerships across the value chain to secure precursor materials, collaborate on cell integration, and co-develop validation protocols. Localizing critical production steps where policy incentives and demand concentrations align helps mitigate tariff exposure and shortens qualification cycles. Invest in rigorous reliability testing and transparent lifecycle analyses to address OEM and regulatory requirements, and offer tailored engagement packages for priority end users to accelerate adoption in automotive, consumer electronics, and energy applications. Combining a disciplined technical roadmap with targeted commercial engagements and supply chain resilience measures will maximize the probability of sustainable scale-up and market acceptance.
A rigorous mixed methods approach combining expert interviews patent analysis technical literature and corporate disclosures to validate technological and commercial insights
This research synthesis relies on a mixed-methods approach that integrates primary interviews with subject-matter experts, technical white papers, patent landscaping, and publicly available regulatory and policy documents to construct a comprehensive view of the silicon anode landscape. Primary inputs include structured conversations with materials scientists, cell engineers, OEM integration leads, and supply chain executives, which were triangulated with technical performance data and process descriptions found in peer-reviewed journals and industry conference proceedings.
Secondary analysis incorporated corporate disclosures, technology roadmaps, and equipment vendor specifications to validate claims about manufacturability and scaleability. Patent analysis provided visibility into proprietary process and materials innovations while lifecycle and regulatory documents helped assess compliance trajectories. The methodological approach emphasizes cross-validation between technical evidence and commercial signals to ensure conclusions reflect both laboratory progress and real-world integration challenges.
Synthesis of technical promise commercial pathways and strategic priorities that determine the speed and scale of silicon anode adoption across sectors
Silicon anode batteries represent a compelling technological vector with the potential to shift tradeoffs between energy density, weight, and lifecycle performance across multiple industries. Realizing that potential requires coordinated investments in materials science, manufacturing processes, and system integration, as well as adaptive commercial strategies that recognize regional policy influences and tariff implications. The path to widespread adoption will be uneven: early wins are likely in applications where form factor and energy density deliver clear competitive differentiation and where qualification cycles align with supplier capabilities.
Longer-term success depends on demonstrated reliability, cost-competitive manufacturing, and the ability to scale production without sacrificing performance consistency. Firms that combine technical excellence with pragmatic scale-up strategies and proactive engagement with OEMs and regulators will find the most productive routes to commercialization. Ultimately, the convergence of improved materials, optimized processes, and strategic supply chain choices will determine the speed and breadth of silicon anode integration into mainstream battery portfolios.
Note: PDF & Excel + Online Access - 1 Year
Table of Contents
196 Pages
- 1. Preface
- 1.1. Objectives of the Study
- 1.2. Market Segmentation & Coverage
- 1.3. Years Considered for the Study
- 1.4. Currency
- 1.5. Language
- 1.6. Stakeholders
- 2. Research Methodology
- 3. Executive Summary
- 4. Market Overview
- 5. Market Insights
- 5.1. Expansion of silicon anode battery production capacity through strategic partnerships and joint ventures
- 5.2. Advances in surface coating technologies to mitigate silicon anode electrode expansion and degradation
- 5.3. Integration of silicon anode materials in electric vehicle battery packs for extended range and fast charging
- 5.4. Commercial scale adoption of prelithiation techniques to improve initial coulombic efficiency in silicon anodes
- 5.5. Development of nanoengineering approaches to optimize silicon particle size and morphology for improved cycle life
- 5.6. Implementation of sustainable and low-cost silicon precursor sourcing methods for scalable anode production
- 5.7. Emergence of solid electrolyte interface additives tailored for silicon anode stabilization in high energy density cells
- 5.8. Progress in hybrid battery architectures combining silicon anodes with lithium metal to achieve ultra-high energy density
- 5.9. Collaborative research initiatives between academia and industry to accelerate silicon anode commercialization timelines
- 6. Cumulative Impact of United States Tariffs 2025
- 7. Cumulative Impact of Artificial Intelligence 2025
- 8. Silicon Anode Batteries Market, by Battery Type
- 8.1. Lithium-Ion (Li-ion) Silicon Anodes Batteries
- 8.2. Solid-State Silicon Anodes Batteries
- 9. Silicon Anode Batteries Market, by Capacity Range
- 9.1. 1,500 to 2,500 mAh
- 9.2. Above 2,500 mAh
- 9.3. Below 1,500 mAh
- 10. Silicon Anode Batteries Market, by Manufacturing Process
- 10.1. Electrochemical Etching
- 10.2. Mechanical Milling
- 10.3. Vapor Deposition
- 11. Silicon Anode Batteries Market, by Form Factor
- 11.1. Cylindrical Cells
- 11.2. Pouch Cells
- 11.3. Prismatic Cells
- 12. Silicon Anode Batteries Market, by End-Use Industry
- 12.1. Aerospace
- 12.2. Automotive
- 12.2.1. Commercial Vehicle
- 12.2.2. Passenger Vehicle
- 12.3. Consumer Electronics
- 12.3.1. Laptops
- 12.3.2. Smartphones & Tablets
- 12.3.3. Wearables
- 12.4. Energy & Power
- 12.5. Medical Devices
- 13. Silicon Anode Batteries Market, by Region
- 13.1. Americas
- 13.1.1. North America
- 13.1.2. Latin America
- 13.2. Europe, Middle East & Africa
- 13.2.1. Europe
- 13.2.2. Middle East
- 13.2.3. Africa
- 13.3. Asia-Pacific
- 14. Silicon Anode Batteries Market, by Group
- 14.1. ASEAN
- 14.2. GCC
- 14.3. European Union
- 14.4. BRICS
- 14.5. G7
- 14.6. NATO
- 15. Silicon Anode Batteries Market, by Country
- 15.1. United States
- 15.2. Canada
- 15.3. Mexico
- 15.4. Brazil
- 15.5. United Kingdom
- 15.6. Germany
- 15.7. France
- 15.8. Russia
- 15.9. Italy
- 15.10. Spain
- 15.11. China
- 15.12. India
- 15.13. Japan
- 15.14. Australia
- 15.15. South Korea
- 16. Competitive Landscape
- 16.1. Market Share Analysis, 2024
- 16.2. FPNV Positioning Matrix, 2024
- 16.3. Competitive Analysis
- 16.3.1. Amprius Technologies
- 16.3.2. BTR New Material Group Co., Ltd.
- 16.3.3. Enevate Corporation
- 16.3.4. Enovix Corporation
- 16.3.5. EoCell, Inc.
- 16.3.6. Group14 Technologies, Inc.
- 16.3.7. Huawei Technologies Co., Ltd.
- 16.3.8. Ionblox, Inc.
- 16.3.9. Leydenjar Technologies B.V.
- 16.3.10. LG Chem, Ltd.
- 16.3.11. NanoGraf Corporation
- 16.3.12. Nanografi Advanced Materials.
- 16.3.13. NanoXplore Inc.
- 16.3.14. Nexion Ltd.
- 16.3.15. OneD Battery Sciences
- 16.3.16. Panasonic Corporation
- 16.3.17. Resonac Holdings Corporation
- 16.3.18. Samsung SDI Co., Ltd.
- 16.3.19. Sila Nanotechnologies Inc
- 16.3.20. Solid Power, Inc.
- 16.3.21. Solidion Technology, Inc
- 16.3.22. Targray Technology International Inc.
- 16.3.23. Tesla, Inc.
- 16.3.24. TRU Group Inc.
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