Solidion Technology, Inc. · NASDAQ:STI
Solidion Technology — Honeycomb Battery Company — SPAC Merger (July 2023)
41 slides from Solidion Technology's SPAC merger presentation, July 2023
Slide 1: Investor Presentation July 2023
HONEYCOMB BATTERY COMPANY NUBIA BRAND INTERNATIONAL CORP. Advancing energy storage in a smart, sustainable way INVESTOR PRESENTATION JULY 2023 HONEYCOMB BATTERY CO. + NUBIA BRAND INTERNATIONAL CORP.
Slide 2: About This Presentation
ABOUT THIS PRESENTATION This presentation is provided for informational purposes only and has been prepared to assist interested parties in making their own evaluation with Use of Projections respect to a potential business combination (the “proposed business combination”) between Honeycomb Battery
Slide 3: What if…
What if… Electric Vehicle Nickel and Cobalt battery materials could be replaced could be derived with readily from renewable available abundant sources… materials … HONEYCOMB BATTERY CO. + NUBIA BRAND INTERNATIONAL CORP.
Slide 4: "Green" Graphite
“Green” Graphite • Synthetic Graphite • Graphite makes up 25%- derived from Biomass 28% of EV battery • Less costly than • Only two natural petroleum coke, less Graphite Mines in the impact on environment U.S. • Mitigates Climate Change • Made in America HONEYCOMB BATTERY CO. + NUBIA BRAND INTERNATI
Slide 5: Next-Gen Cathode
Next-Gen Cathode • High-capacity sulfur • Exceptional specific cathode materials energy • No need for Nickel, • Lower cost than Cobalt or Manganese conventional solutions • Made in America HONEYCOMB BATTERY CO. + NUBIA BRAND INTERNATIONAL CORP.
Slide 6: Transaction Summary
TRANSACTION SUMMARY § Global Graphene Group (“G3”) is carving out its battery division, renamed Summary Transaction Terms Honeycomb Battery Co. Pro Forma Valuation $MM OVERVIEW § Honeycomb is expected to combine with Nubia Brand International Corp. Share Price $10.00 (“NUBI”) to advance and accelera
Slide 7: Overview of Honeycomb Battery Company
OVERVIEW OF HONEYCOMB BATTERY COMPANY Recognized as a global leader in both high-capacity anode & high-energy solid- state batteries. § Advanced anode materials that deliver specific capacity from 300 to 3,500+ mAh/g § Uniquely positioned to supply graphite from sustainable sources, silicon oxide (S
Slide 8: Overview of Nubia Brand International Corp.
OVERVIEW OF NUBIA BRAND INTERNATIONAL CORP. NUBIA OVERVIEW BOARD MEMBERS § Nubia Brand International Corp (NUBI) is a Special Purpose Acquisition 1 2 3 4 5 Company (SPAC) formed for the purpose of effecting a merger, stock Extensive purchase or similar business combination Significant background in
Slide 9: Investment Highlights
INVESTMENT HIGHLIGHTS Differentiated and Transformative Battery Technologies Leading innovations in energy density and safety, while removing reliance on critical nickel and cobalt materials Recognized Global Leader in Battery Intellectual Property Extensive IP portfolio that includes industry-leadi
Slide 10: Post-Closing Management Team
POST-CLOSING MANAGEMENT TEAM Strong combination of battery technology innovators, entrepreneurial and execution mindsets Dr. Bor Z. Jang Dr. Aruna Zhamu Jaymes Winters Vlad Prantsevich Dr. Songhai Chai Stuart Blair Bob Crouch Dr. Oliver Chang Executive Chairman & CSO Technical Advisor CEO CFO CTO VP
Slide 11: Honeycomb Products
HONEYCOMB PRODUCTS Positioned to be a major provider of technologically advanced battery materials and cells Sustainable Product(s): Sustainable graphite using biomass as feedstock Patent Protected Value Proposition: 20-30% reduction in CAPEX Synthetic Graphite Customer: Conventional/Solid-state bat
Slide 12: Market Opportunity
MARKET OPPORTUNITY HONEYCOMB BATTERY CO. + NUBIA BRAND INTERNATIONAL CORP. 11
Slide 13: Global demand for batteries expected to soar
MARKET OPPORTUNITY Global demand for batteries, driven by vehicle electrification, is expected to soar ~ 4,700 GWh Global Li-ion Battery demand, which includes mobility, stationary storage and consumer electronics is expected to see a 27% CAGR from 2022 to 2030, reaching 4,700 GWh1. GR CA Key demand
Slide 14: Favorable Market and Legislative Trends
MARKET OPPORTUNITY Favorable Market and Legislative Trends Inflation Reduction Act (IRA) Accelerates Major “Made In America” implications Clean Energy Transition § Designed to move future materials reliance to domestically § IRA requires 80% of EV battery materials to be sourced in North America by
Slide 15: Problems with Current Battery Solutions
MARKET OPPORTUNITY Problems with Current Battery Solutions A superior solution is needed to fulfill the wide-spread demand for electric vehicles and stationary storage Today’s Conventional Low Energy Flammable Liquid Expensive Long Charge Time Increasingly Scarce Li-ion Batteries Density Electrolyte
Slide 16: The Solution – Honeycomb's Solid-State Battery
MARKET OPPORTUNITY The Solution – Honeycomb’s Solid-State Battery Honeycomb offers greater energy density, faster time to market, safety, lower manufacturing costs and faster charging ENERGY DENSITY 20% to 80% increase in EV driving range to eliminate range anxiety Converting Li-ion battery faciliti
Slide 17: Performance Improvements vs Conventional Li-Ion
MARKET OPPORTUNITY Performance Improvements vs Conventional Li-Ion Today’s Li-Ion Improvement 350L 350L Pack Volume 92% (250 Wh/L) (480 Wh/L) Pack Energy (given same 85 kWh 165 kWh 94% pack volume) Range 320 Miles 620 Miles 94% Charge >30 minutes <15 minutes 50% (0%~80%) (5%~80%) (0%~80%) Power 400
Slide 18: Products
PRODUCTS HONEYCOMB BATTERY CO. + NUBIA BRAND INTERNATIONAL CORP.
Slide 19: Honeycomb's Battery Materials & Solutions
PRODUCTS Honeycomb’s Battery Materials & Solutions Battery Energy Graphite Anode Cathode Electrolyte Storage Solutions Four anode active materials for 1. quasi-solid electrolytes (solvent- improved energy density: in-salt & solvent-in-polymer) Sulfur-based, next-gen cathodes 1. Si-rich anode materia
Slide 20: Honeycomb's Solid-State Battery Cells
PRODUCTS Honeycomb’s Solid-State Battery Cells Gen 1 Gen 2 Gen 3 lithium-ion cells lithium metal cells lithium-sulfur cells Thin lithium metal anode or an initially Thin lithium metal anode, a graphene- Si-rich anode and a quasi-solid or polymer- lithium metal-free anode (“anode-less”) enabled sulfu
Slide 21: Solid-State Battery Cell Comparison
PRODUCTS Solid-State Battery Cell Comparison Current Day Lithium-ion Cell Cross-section of a pair of electrode, showing thickness Silicon-rich Graphite Li-ion Cell Competitions’ Anode Li-Metal Cell Li-Metal Cell Lithium-sulfur Cell Silicon Anode Thin Li Anode Thin Li Anode Thin Li Anode Quasi-Solid
Slide 22: Technology
TECHNOLOGY 21 HONEYCOMB BATTERY CO. + NUBIA BRAND INTERNATIONAL CORP.
Slide 23: Extensive IP Portfolio and Technology Advantage
TECHNOLOGY Extensive IP Portfolio and Technology Advantage Proprietary technologies across all core battery components, protected by 525+ patents Key Inventions Advanced current collectors, extending cycle life, operating Graphene- or polymer- enhanced Si-based materials temperatures & voltages (>35
Slide 24: HBC Provides a Full Spectrum of Anode Materials & Electrodes
TECHNOLOGY HBC Provides a Full Spectrum of Anode Materials & Electrodes Estimated Cell Specific Energy vs. Anode Specific Capacity1 Delivering products across entire specific 600 capacity spectrum 500 Uniquely capable of supplying: graphite-, SiOx-, Si-, and Li metal based anode active materials (ha
Slide 25: HBC's Si-rich Anode Material – Extending the EV Driving Range
TECHNOLOGY HBC’s Si-rich Anode Material – Extending the EV Driving Range HBC produces the high Si content or SiO anode materials that meet the requirements of increased energy density at a lower cost for next-gen EV batteries Graphene sheet- • HBC‘s patented technologies enable highly scalable low-c
Slide 26: HBC's Si Anode Materials Meet Next-generation EV Battery Requirements
TECHNOLOGY HBC’s Si Anode Materials Precisely Meet the Requirements for the Next- generation EV Batteries as Outlined by Tesla Tesla suggested on “Battery Day” (09/22/2020) that the best Si anode should have the following features: Elastic polymer-protected Si anode enables a significantly higher ba
Slide 27: HBC's Graphene-Enhanced Si Anode Material: Low Cost, High Performance
TECHNOLOGY HBC’s Graphene-Enhanced Si Anode Material: Low Cost, High Performance Graphene GCA-Si Low-cost § Significantly lower cost per kWh Highly scalable Low-cost silicon or high-volume production of high- § Advanced particle structural coated Si production design to overcome Si swelling performa
Slide 28: HBC vs. Other Silicon Anode Materials Start-ups
TECHNOLOGY HBC vs. Other Silicon Anode Materials Start-ups A B C CVD Si Graphene/Si CVD Si CVD silicon Primary Business Scope electrophoretic powder & cells manufacturing nanowire cells manufacturing Scalability ***** ? ? ? Cost Competitiveness ***** *** *** *** Specific Capacity @ Product Level ***
Slide 29: A Truly Disruptive Solid-State Platform Technology
TECHNOLOGY A Truly Disruptive Solid-State Platform Technology that Can Help Solidify the Battery Safety of the Entire EV Industry HBC’s key electrolyte technologies § Invented elastomeric solid electrolytes § Has most significant IP in in-situ curing or in-situ solidification of polymer electrolytes
Slide 30: HBC's Hybrid or Composite Solid-State Electrolyte
TECHNOLOGY HBC’s Hybrid or Composite Solid-State Electrolyte Low stack-holding pressure, low impedance, high energy density, easy to process using current Li-ion cell facilities Common inorganic solid-state batteries inorganic/polymer hybrid solid-state batteries Key Issue: Fill every free space • R
Slide 31: Solving the Lithium Metal Anode Problems in Solid-State Li-Metal Batteries
TECHNOLOGY Solving the Lithium Metal Anode Problems in Solid-State Li-Metal Batteries Enabling safety and highest energy density (Gen-2 and Gen-3 battery cells) Graphene/Polymer-Enabled Protective Layer § Graphene/polymer-based Li metal protection layers (key enabling technologies); § Overcoming tec
Slide 32: Commercialization & Manufacturing
COMMERCIALIZATION & MANUFACTURING HONEYCOMB BATTERY CO. + NUBIA BRAND INTERNATIONAL CORP.
Slide 33: Made in America Movement – Inflation Reduction Act
MANUFACTURING Made in America Movement – Inflation Reduction Act By 2026, 80% of battery materials must meet these content requirements 1. Critical minerals in the EV battery be extracted or processed in the U.S., countries with which the U.S. has a free trade agreement or have been recycled in Nort
Slide 34: "Green" Graphite
MANUFACTURING “Green” Graphite Enabling a truly sustainable approach to synthetic graphite production Overview Advantages EV battery-grade graphite Sustainability Economics Demand § Can be cost-effectively produced from § Wide availability/accessibility of bio- § 20 - 30% lower CAPEX and faster § Ex
Slide 35: Anode Products
MANUFACTURING Anode Products Delivering a full spectrum of high capacity, next generation anodes Overview Advantages EV battery-grade anode Sustainability Economics Demand § Silicon rich, Graphene-enabled silicon § Internally produced, sustainable § Favorable unit economics using lower § Expected to
Slide 36: Commercialization Roadmap of Anode Materials
COMMERCIALIZATION Commercialization Roadmap of Anode Materials Product 2023 2024 2025 2026 2027 2028 2029 2030 Graphite-based Refine Product / Sample Testing Anode Materials Development Research & SiOx and GCA-SiOx Refine Product / Sample Testing Materials GCA-Si Anode Refine Product / Sample Testin
Slide 37: Solid-State Battery Cells
MANUFACTURING Solid-State Battery Cells Next generation battery technology to power the world Overview Advantages Solid-state battery Sustainability Economics Demand § Proprietary technology which reduces § Discards need for controversial rare § Approx. 29% CAPEX reductions. § Expected to 7x by 2030
Slide 38: Commercialization Roadmap of Advanced Solid-State Batteries
COMMERCIALIZATION Commercialization Roadmap of Advanced Solid-State Batteries Product 2023 2024 2025 2026 2027 2028 2029 2030 Gen 1: Si-Rich All- A-Sample B-Sample C-Sample SOP Solid-State Battery Development Research & Gen 2: All-Solid-State SOP A-Sample B-Sample C-Sample Li-Metal Battery Gen 3: Li
Slide 39: CAPEX Savings Enabled by Honeycomb's Solid State Battery Manufacturing
MANUFACTURING CAPEX Savings Enabled by Honeycomb’s Solid State Battery Manufacturing Traditional liquid electrolyte-based Li-ion battery production requires Solid-state battery manufacturing can conditioning steps such as pre-formation, aging, degassing, eliminate these steps and save up to formatio
Slide 40: Summary Risk Factors
SUMMARY RISK FACTORS In evaluating an investment in the proposed transaction, you should carefully read the proxy statement filed by Nubia in connection with the transaction and especially consider the factors discussed in the section entitled “Risk Factors.” These risks include, but are not limited
Slide 41: Thank You
HONEYCOMB BATTERY COMPANY NUBIA BRAND INTERNATIONAL CORP. THANK YOU HONEYCOMB BATTERY CO. + NUBIA BRAND INTERNATIONAL CORP.