EXCLUSIVE: Dragonfly Energy Tells Benzinga 'this marks the last major technological hurdle in the Co's dry electrode battery cell manufacturing process and is expected to enable the Co to begin producing lithium battery cells in the U.S. by end of 2023'
Portfolio Pulse from Benzinga Newsdesk
Dragonfly Energy has announced that it has overcome the last major technological hurdle in its dry electrode battery cell manufacturing process. This development is expected to enable the company to start producing lithium battery cells in the U.S. by the end of 2023.
October 05, 2023 | 11:00 am
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POSITIVE IMPACT
Dragonfly Energy's announcement of overcoming a major technological hurdle and the expected start of lithium battery cell production in the U.S. by end of 2023 could potentially boost investor confidence in the company.
The news of Dragonfly Energy overcoming a major technological hurdle in its manufacturing process is directly related to the company's core business. This development, coupled with the expected start of lithium battery cell production in the U.S., could potentially boost investor confidence in the company and have a positive impact on its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
As a warrant of Dragonfly Energy, DFLIW's value could potentially increase following the company's announcement of a major technological breakthrough and the expected start of lithium battery cell production in the U.S. by end of 2023.
DFLIW, being a warrant of Dragonfly Energy, is directly impacted by the company's performance. The announcement of a major technological breakthrough and the expected start of lithium battery cell production in the U.S. could potentially increase the value of DFLIW in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100