#Battery #Stocks in
the News - Snapshot of Growth in the #ElectricVehicle Car Market - (TSXV:
NBM.V) (OTC: NBMFF), (NASDAQ: TSLA), (NYSE: F), (NYSE: GM) @neo_battery @telsa @Ford @GM
Point
Roberts WA, Delta, BC –June 10, 2021 - Investorideas.com, a leading
investor news resource covering electric vehicle stocks releases a special
report on the future EV market featuring NEO
Battery Materials Ltd. (TSXV: NBM.V) (OTC:
NBMFF), a company that
intends to become a silicon anode materials supplier to the electric vehicle
industry.
Read this news,
featuring NBM in full at https://www.investorideas.com/news/2021/renewable-energy/06101Electric-Vehicle-Battery.asp
The
rapid growth the sector has experienced is expected to continue as governments
push for a green auto industry but the EV market is one of both opportunity and
challenges as it addresses certain limitations such as a lack of charging
stations, battery efficiency and how this “green” industry hopes to deal with
the mining demands created by EV production.
According
to a report from MarketsandMarkets, “The global
electric vehicle market size is projected to grow from 4,093 thousand units in
2021 to 34,756 thousand units by 2030, at a CAGR of 26.8%. Factors such as
growing demand for low emission commuting and governments supporting long
range, zero emission vehicles through subsidies & tax rebates have
compelled the manufacturers to provide electric vehicles around the world. This
has led to a growing demand for electric vehicles in the market. Countries
around the world have set up targets for emission reductions according to their
own capacity.”
NEO Battery
Materials Ltd. (TSXV: NBM.V) (OTC:
NBMFF), a Vancouver-based junior resource company
focused on addressing the battery issues for the sector , just issued news that NEO's silicon
(Si) nanocoating technology successfully achieved an ultra-fast
charging/discharging capability in a half-cell coin test.
From
the news : In a newly conducted test through Dr. Jong Hyeok Park's Lab, this
breakthrough result presents the potency of NEO's nanocoating technology
through showing superior charging/discharging performance on small battery
cells. NEO's nanocoated silicon anode allows for a safe full charge within 5
minutes, which demonstrates potential for scaling and implementation in larger
cells such as those used in high power EV batteries.
Continued:
Dr. Jong Hyeok Park commented, "Our unique, proprietary solution
integrates silicon nanoparticles uniformly coated by a nanometer-thick
elastomer - a highly elastic polymer - with superior affinity to liquid
carbonate electrolytes, which substantially outperforms the rate-capability of
conventional silicon anodes as shown below. For a performance test at a 12
C-rate, which represents a several minute operation of the cells, we can
realize 5 minute-level ultra-fast charging/discharging without major capacity
loss or safety concerns."
"Our
test results evidence that the Company's devised concept is valid and viable
for improving the rate-capability of silicon beyond the current state of the
art, which cannot be attained by only utilizing conventional silicon-carbon
(Si-C) nanocomposites. NEO's silicon anode enables better wettability of the
electrolyte to the surface of Si nanoparticles, which can bring about a larger
contact surface area to increase the lithium-ion current or movement to the
anode. Our proprietary elastomer nanocoating layer with excellent affinity with
polar solvents shows fast charging/discharging ability for high power electric
vehicles," added Dr. Park.
Continued:
Spencer Huh, President and CEO of NEO, commented, "We are proud and
excited to announce NEO's 5-minute ultra-fast charging capability through our
unique silicon nanocoating technology using an ion-conductive elastomer layer.
We are on the mission to remove the bottleneck of EVs effectively and
efficiently through improving the cell chemistry and performance of lithium-ion
batteries through silicon anodes."
"We
are currently well underway of developing a full-cell prototype. Our team of
top South Korean battery experts will continue to refine our technology to
deliver an innovative silicon anode material that is cost-effective,
mass-producible, and commercially viable," added Spencer Huh.
Tesla Inc. (NASDAQ:TSLA) while potentially facing battery shortages in the
future, did have a major success recently
reported
in the news as “a prototype Tesla Model S Plaid reportedly put down a
quarter-mile time at Autoclub Famoso Raceway in California just a hair over
nine seconds, breaking the record for quickest production car. The news comes
from an unlikely source: Jay Leno, who was spotted at said Bakersfield raceway
when the Tesla made its record attempt. In early June, Leno confirmed to the Spike’s Car Radio podcast that he indeed
saw a Model S Plaid trip the lights in the rumored time.”
“I’ll tell you what I did. I went up to
Famoso Dragway in Bakersfield. and the Tesla Plaid… I drove by, and the NHRA
guy was there to make it official. It turned a 9.247, at 152 mph,” Leno said.
Major auto companies understand the need to
be part of this future trend and Ford Motor Company’s (NYSE:F) stock surged as much as 7% to a six-year high after it reported May sales that
showed a massive jump in electric vehicle sales.
The company's EV strategy
appears to be paying off following the release of its Mustang Mach-E and
unveiling of the F-150 Lightning pickup truck. May sales for the 117 year-old
automaker jumped 4% year-over-year to 161,725 vehicles.
Ford's EV sales saw a 184%
spike to 10,364 units in May, and signs are building that the company could be
slowly taking market share away from Tesla.
Also creeping into the same space is
General Motors Company (NYSE:GM), who are planning
to launch 30 new electric vehicles globally by 2025. Many of these vehicles
will be based on GM's modular Ultium platform, which will accommodate a wide
range of vehicle types. The core of the platform is GM's Ultium battery
technology.
Thanks to the Ultium platform, GM has
managed to nearly cut its vehicle development time in half. This newfound
nimbleness will help the company achieve its goal of delivering over 1 million
electric vehicles by 2025. GM is aiming for the top -- the company expects to
be the EV market leader in North America by that year.
GM is also looking at autonomous cars as
mentioned in recent
news,
“Cruise is planning to test Chevrolet Bolt EVs, which are equipped with
driverless technology. In a statement, the California Public Utilities Fee
(CPUC) said that the Cruise can now offer passengers rides in prototype
robotaxis.”
Majority-owned by General Motors Company,
Cruise also has backing from SoftBank Group Corp, Microsoft Corporation, and
Honda Motor Co Ltd. and is the first autonomous vehicle company in California
to get such a permit from the CPUC.
As this industry continues to gain interest
from both the private and public sectors we are starting to see more focus on
the big picture for EV’s in achieving scalability. While there are some hurdles
to face over the next few years, there will also be many new opportunities in
solving issues such as charging station shortages, charging efficiency and the
growing impact this industry places on the environment through mining for rare
metals and materials.
Betting
on the future, NEO Battery Materials Ltd.
(TSXV: NBM.V) (OTC:
NBMFF) has staked new mining claims in Golden, BC,
along a strike with a quartzite bed, targeting silica in the quartzites for a
total of 467 hectares.
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