Why Dragonfly Energy Shares Are Gaining Today
Portfolio Pulse from Shivani Kumaresan
Dragonfly Energy Holdings Corp (NASDAQ:DFLI) is set to be awarded a new U.S. patent for the streamlined production of Li-ion batteries and nonflammable solid-state lithium batteries. The patent enables the company to use a powder-coating process that reduces production time and costs.
June 15, 2023 | 3:02 pm
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Dragonfly Energy's new patent for streamlined Li-ion battery production is expected to reduce production time and costs, potentially increasing the company's market share.
The new patent allows Dragonfly Energy to use a powder-coating process that eliminates the need for large drying rooms, making the process highly scalable within a reduced footprint. This could lead to increased production in a reduced time frame and at a lower cost, potentially increasing the company's market share and positively impacting its stock price in the short term.
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