Decarbonization Plus Acquisition Corporation III (DCRC)

Allan Tong’s Discover Picks What’s the catch? The cost. So far, solid-state batteries are used in small devices like smartwatches and pacemakers. Making these for a car involves a lot more money—for now. Like anything in technology, a new gizmo becomes more affordable in time, and now we’re in the early innings of solid-states. The upside is that investors can get in now relatively cheaply. The big players are already committing to Solid Power: BMW and Ford are investing $130 million into the company. (Hyundai, Toyota and GM are investing in other solid-state battery companies.) Read 3 Energy Stocks: The safe, the spec and the ETF for our full analysis.

The future of cars are EVs. The current bottleneck in EVs are batteries. Also, Lithium ion batteries are too weak, too heavy and flammable, but solid state batteries are safer, lighter, cheaper and last longer. Problem is, Wall Street got burned by previous solid state developers like Quantumscape which collapsed after SPACmania. Now, there's Solid Power, which is coming public with DCRC in a SPAC. They have development deals with Ford and BMW, so it looks legit. When the SPAC was first announced last June, shares jumped briefly from $10 to $13 before sinking back to $10 where it stands today.