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Donut Lab's Miracle Battery Found to Be a Fraud, Investigation Claims

Battery researchers said tests and voltage data show Donut Lab’s cell matches a standard lithium-ion design, not the sodium-ion solid-state technology it promoted.

  • Battery researcher Ryan Inis Hughes and over 20 independent experts have produced definitive proof that Donut Lab's "miracle" solid-state battery is actually a lithium-ion cell, based on electrochemical evidence including voltage curves and cell expansion data.
  • Investigators traced the technology to German firm CT Coatings, while CEO Marko Lehtimäki allegedly engaged in "authority laundering" by paying VTT Technical Research Centre to run selective tests, creating an illusion of legitimacy for false performance claims.
  • Technical evidence reveals the battery operates at 3.7-3.8 volts at 50% charge, typical for NCM lithium-ion cells, while a distinctive "kink" in graphite anode expansion conclusively proves lithium-ion chemistry since sodium ions are too large to fit graphite layers.
  • Donut Lab raised approximately $25 million from over 1,300 investors, inflating the company's valuation to $1.25 billion, while Lehtimäki's investor letters promised returns of up to 10x in 12 to 18 months based on technology that did not exist.
  • The battery industry does not need another Nikola; while solid-state batteries are genuinely emerging from Samsung SDI and Toyota, this deception risks cooling public trust in the technology's broader development and legitimacy.
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ecotopical.com broke the news on Monday, June 8, 2026.
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