EXCLUSIVE: Dragonfly Energy Completes US Lithium Battery Cell Pilot Line, Begins Manufacturing Anode
Portfolio Pulse from Akanksha Bakshi
Dragonfly Energy Holdings Corp (NASDAQ:DFLI) has completed its U.S. lithium battery cell pilot line and started manufacturing anode using its patented process. The pilot line can produce up to 150 MWh of domestically manufactured LiFePO4 battery cells per year at 70% efficiency. Full cells are expected to be produced by the end of 2023. DFLI shares are trading lower by 0.52% at $1.92 premarket on Wednesday.
July 19, 2023 | 11:00 am
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Dragonfly Energy's completion of its lithium battery cell pilot line and start of anode manufacturing could potentially boost its production capabilities. However, the company's shares are currently trading lower.
The completion of the pilot line and the start of anode manufacturing are significant steps for Dragonfly Energy, potentially increasing its production capabilities and competitiveness in the energy sector. However, despite this positive development, the company's shares are trading lower, indicating that the market may not have fully absorbed or reacted to this news yet.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100