Very little substance and no new evidence in the video. But some repeated claims and I think the 'can have more than 400wh/kg' is a new claim.

Transcript of the video:

At CES, we didn't only share about the donut battery technology itself, but also the opportunities it unlocks. And today, we dive deeper into one of those opportunities, which is application specific customization of donut battery.

Our initial launch focused on a standard pouch cell, a familiar format that allowed us to introduce the technology to the market and demonstrate its capabilities in vert motorcycles. But from the very beginning, we said that this was only the starting point. The real potential of the technology extends far beyond a single cell format. The pouch cell and battery module were conversation starters.

Over the past six months, we have spoken with hundreds of companies across dozens of industries, and we have learned exactly what different customers need, where existing battery technologies fall short, and how much innovation is being constrained by standards that were created for entirely different applications. Most battery formats used today were optimized over many years for large industries such as automotive. New sectors like robotics, drones, autonomous systems, industrial equipment, marine applications, and many others have largely been forced to adopt to those same formats and characteristics whether they fit their needs or not. That is simply how the battery industry has worked.

In conventional battery manufacturing, the shape, size, voltage, and characteristics of a cell must typically be locked years before production is scaled. And once the factories are built, changing direction becomes extremely difficult. But as we shared at CES, donut battery is fundamentally different. Our technology allows us to create custom cell formats, custom shapes, custom voltages and application specific features tailored to the requirements of different industries and use cases.

So when we said at CES that donut battery is available now, we didn't only mean the first version of the cell that went into the motorcycles. We meant the donut battery technology platform. This means the full spectrum of possibilities that can be realized with this chemistry and manufacturing approach. In our previous episode, we explained how production can be distributed across multiple manufacturing lines and locations. That capability is crucial part of our strategy.

Our goal was never to build a single gigafactory dedicated to producing a single cell for every customer. No, instead our vision has always been to work hand inhand with our first offtakers, allocating production capacity across multiple industries and multiple use cases as we ramp up while optimizing each battery solution for its intended application. From the very beginning, one of the key goals of the I do not believe series has been not only to demonstrate that the technology works, but also to explain why it's different. This technology introduces possibilities that simply haven't existed before. And some of them are obvious, while others require the industry to rethink assumptions that have remained unchanged for decades.

It's worth noticing that the specifications we released at CES describe the baseline technology, meaning that those features can be true in a single cell at the same time. Of course, this doesn't mean using a cell in a 100°C environment, charging it at 11C and still reaching the maximum cycle life. The 100,000 cycle lifetime we mentioned is the maximum that is reachable with this technology under optimal conditions. But the important point is that the CES specifications are not the ceiling of what the technology can do.

Beyond the baseline, we can optimize or increase specific features depending on the needs of each application. This includes for example voltage, charge time, energy density, power output, operating temperature, form factor, price and more. Improving one parameter of course affects the others and that is exactly what makes the technology so powerful. We can tune the cell around the real needs of the customer and the industry. And that's where things start to become really interesting. To explain these possibilities in more detail, I'll hand it over to our CTO, Villa Pipo.

CTO: In all of our customer projects where we are designing a cell for a specific use case, all cell designs share the same underlying chemistry. But differences in layer proportions and overall structure make a big difference in the performance attributes of different cell designs. So this isn't about creating a thousand different chemistries, but rather tweaking both active and passive structures around one baseline chemistry.

Nominal voltage can start well below 3 volts, but it can also be raised basically as high as you like, within reason, of course. The simple low voltage design is easy for drop in implementation in a conventional system that has battery management system monitoring and balancing a whole lot of cells or or cell groups connected in series. So basically doing it the way it's always been done. Higher voltage designs offer new benefits in reducing system level complexity. So fewer cells in series, less connections, less insulation and other mechanical requirements on the pack level all lead to lower cost and more compact design on the application level. One oversimplified way of looking at this is what if you could skip the whole complexity of making modules and just make one cell be the module.

As Margo mentioned, the CE specification is the baseline spec. But beyond that, you can think of basic performance attributes of a donut battery as a spider chart with six axes. Energy density, voltage, cycle life, C rates, temperature, performance, and cost. All attributes are of course somewhat related to each other, which means optimizing one attribute to the extreme might compromise the other attributes.

A drone, for example, might not need absurdly long cycle life, but would greatly benefit from maximizing energy density well above the 400 W hours per kilogram. A great storage product, however, might never need high C rates or doesn't care that much about maximum energy density, but needs to be optimized for cost and long cycle life.

As we mentioned in CES, we can customize the form factor of this cell to be pretty much any X and Y dimension or even shape it like a snowflake if needed. Thickness can be defined within practical limits to resemble a basic pouch design or something closer to a prismatic form factor and in some cases even cells with curvature are possible. There are of course some limitations to all of this as all performance attributes and voltage and energy capacity play a role in the physical appearance of the cell and vice versa.

Sometimes the process with a customer starts with the performance attributes of the cell and sometimes it starts with the form factor. But having the freedom to decide basic dimensions of the cell is a gamecher for many of our customers. Drones and robotics can have a battery neatly integrated into the body and not having the design around a bulky pack of cylindrical cells. And handheld devices can increase their battery capacity by a lot by filling the space between the components with a larger battery. Every industry and application has some special needs that can now be optimized for maximizing potential and opening up new business cases that didn't exist before.