CALB just started mass production of aviation-grade battery cells with an energy density of 360 Wh/kg. The customer is Aridge, XPeng's flying car unit.

Those are high-silicon, high-nickel cells with a 25C max discharge rate. They survived a 15.2-meter drop test without fire, explosion, or leakage. This is production line output, not a lab demo.

CALB holds 6% of China's power battery market. CATL and BYD control over 62% combined. The EV segment is locked. Aviation-grade cells are not.

Aridge has raised roughly $1 billion in equity and targets delivery within 2026. CALB found its flanking route.