Solidion is an early-stage battery materials and technology company developing next-generation components for lithium-ion and solid-state batteries. The company is not yet generating material commercial revenue; today its business is primarily R&D and customer sampling. Solidion's core technology areas are silicon-rich anode materials, fire-retardant electrolytes, and biochar-based anodes. Its silicon anode technology uses an elastomer protection layer to manage silicon's expansion during charge/discharge cycles, and Solidion claims a silane-free production process that reduces cost and eliminates hazardous inputs versus conventional approaches. Its "FireShield" electrolytes are designed to reduce thermal runaway risk while remaining compatible with existing lithium-ion manufacturing lines. Solidion's biochar-derived graphite anode uses waste biomass as feedstock, offering an environmental alternative to petroleum-coke-derived graphite. Solidion's intended business model has two components: selling anode materials and electrolyte formulations to battery cell manufacturers on a B2B basis, and supplying finished battery cells via toll manufacturing partnerships, where Solidion provides technology and materials while a contract manufacturer handles production. This avoids large upfront capex. Near-term, Solidion is focused on securing design wins at EV OEMs and energy storage customers through prototype sampling, scaling production through toll manufacturing partners, and licensing its portfolio of 345+ patents. Solidion adopted a Bitcoin treasury policy in late 2024 but has not yet purchased any Bitcoin.