All Eyes on the #EV Sector: #Stocks
to watch (TSXV: $NBM.V) (OTC: $NBMFF) (NASDAQ: $RIVN) (NASDAQ: $LCID) (NASDAQ:
$SLDP) (NYSE: $F) @neo_battery @Rivian @LucidMotors @SolidPowerInc @Ford
Point
Roberts WA, Delta, BC –January 4, 2022 - Investorideas.com, a leading
investor news resource covering battery and EV stocks releases a special report
featuring NEO Battery
Materials Ltd. (TSXV:
NBM)
(OTC:
NBMFF),
a Vancouver-based company focused on silicon anode materials for EV lithium-ion
batteries. Investor ideas reports on how, even amidst issues with battery
demand and efficiency for the EV space, the industry is still attracting huge
investor attention and progressing at a rapid pace.
Read this article,
featuring NBM in full at https://www.investorideas.com/news/2022/renewable-energy/01041EV-NBM-RIVN-LCID-SLDP-F.asp
In
a recent Forbes article discussing the EV
market they reported, “the ease with which next-generation electric vehicle
companies Rivian, Lucid and Fisker raked in billions of dollars from investors
in 2021–combined with Tesla blowing past a once-unthinkable market cap of $1
trillion–marked the shift to an automotive era that’s racing to kick
climate-warming carbon fuels. In the year ahead momentum shifts to auto giants
General Motors, Volkswagen, Toyota and Hyundai, which are upping their electric
game–and Ford with a battery-powered pickup aimed squarely at the heart of the
U.S. market.”
The
article continued, “This will be a watershed model release as Ford capitalizes
on its entrenched position with customers on the EV front,” says Dan Ives, an
equity analyst for Wedbush Securities. Along with the work-oriented Lightning,
Rivian’s sporty R1T electric truck targeting outdoor enthusiasts will further
expand the EV space (it was named MotorTrend’s “truck of the year in December).
“Ford and Rivian coming out of the gates are the clear leaders in this EV
pickup truck arms race which is a $1 trillion market over the next decade based
on our estimates.”
NEO
Battery Materials Ltd. (TSXV:
NBM) (OTCQB:
NBMFF)
just shared a review of
2021
related to the advancement of the Company’s patented and proprietary silicon
anode active materials for electric vehicle lithium-ion batteries.
NEO Battery Materials Ltd. is a company
that focuses on the anode material of the 4 core battery materials: 1) Anode,
2) Cathode, 3) Separator, and 4) Electrolyte. The Company is advancing a
proprietary nanotechnology to produce Silicon
Anode Materials through a low-cost, single-step manufacturing process.
With accelerating efforts to replace parts
of graphite with silicon in the anode material, the silicon anode active
materials market faces a significant growth potential of 70-80% compound annual
growth rate (CAGR) over the next five years, reaching a market size of
approximately $5B CAD.
NEO Battery Materials offers a
cost-competitive silicon anode material technology that 1) increases the
battery run-time through improving the energy density with silicon, 2)
ultra-flexibility characteristics that enable structural durability and
robustness, and 3) ultra-fast charging capability through enhancing the
wettability of silicon particles with its nanocoating layers.
Recently the company has established a 2-Track
Silicon (Si) Anode Material Development Process: 1) Silicon Microparticles and 2) Silicon
Nanoparticles. The Company has selected to innovate with silicon
microparticles due to the significant cost savings for raw material input cost
compared to silicon nanoparticles, which microparticles are on average 8 to 10
times cost-effective than nanoparticles.
NBM also successfully launched 3 Silicon Microparticle Anode Material
Products, named NBMSiDE, with
the trademark pending approval through the Korean Intellectual Property Office.
Each NBMSiDE product retains unique nano coating materials and characteristics
that enable the silicon microparticles to perform as an anode material. Over
the year, NEO’s patent portfolio expanded from 3 issued or pending in February 2021 to 5 issued or pending patents at the end of December 2021.
In the company’s business developments they
have increased the non-disclosure agreement (“NDA”) count from 2 in March 2021 to approximately 20 NDAs which include globally
established industry players in the battery cell manufacturing, materials
manufacturing, and automotive industries as well as completed the establishment
of the wholly-owned South Korean subsidiary, NEO Battery Materials Korea Co., Ltd., for flexibility of
operations in South Korea and creating relationships with battery manufacturers
and government entities.
NBM also signed a Letter of Intent with the
University of Toronto and an Undisclosed Global OEM for a research
consortium on the R&D and scale-up of electric vehicle (EV) battery
material technologies and formed a licensing agreement and collaborative development
agreement with the Yonsei University of
South Korea for the development and advancement of NBMSiDE manufacturing and
nanocoating material technologies for high-performance EV lithium-ion
batteries.
Mr. Spencer Huh, President and CEO of NEO
expressed, “2021 was a highly special and historical year to NEO. We hold great
confidence and belief that we will be among the advanced and crucial components
of the supply chain for the promising lithium-ion battery industry in the
coming years. We expect that 2022 will be another decisive year to achieve
important and noticeable milestones related to the commercialization and
performance improvement of NBMSiDE. On behalf of management and the board of
directors, we would like to thank all our team and our valued shareholders for
a great 2021. We will move forward at full capacity to maximize our
shareholders’ value in 2022, and we wish you the best Happy New Year.”
The need for better and bigger batteries is
affecting the entire industry as companies like Rivian Automotive, Inc. (NASDAQ:
RIVN)
recently announced
delayed deliveries of its electric pickup truck and sports utility vehicle with
big battery packs to 2023.
The auto giant has around 71,000 preorders
of R1T pickup trucks and R1S SUVs in the United States and Canada, but the
majority of them are for the small battery pack version of the vehicles, which
provides 314 miles of range on one charge. On the other hand, the bigger
battery pack, known as the Max pack, is expected to offer 400 miles on a single
charge. However, this version accounts for only 20% of the total preorders.
In order to cater to the larger chunk of
preorder holders, the company has decided to push back the priority timeline of
building the Adventure Package with a large pack battery.
Explore Package preorders and vehicles with
a Max pack battery configuration will follow suit in 2023. The company stated
that the timings of its deliveries optimize its build sequence so that the best
build combination offering the largest possible positive climate impact is
prioritized.
To ensure that its customers remain updated
about the vehicle delivery status at all times, the EV manufacturer has plans
to introduce a feature on the accounts of Rivian customers that will display
their current delivery timing estimate, by early 2022.
After having reported its first quarterly
results as a listed firm earlier this month, the electric-vehicle maker has
been hit by production challenges due to the ongoing supply-chain crisis, a
global pandemic-induced tightened labor market and short-term issues around
building electric battery modules. Despite the bottlenecks, it is to be noted
that the company has already delivered 386 of the 652 vehicles that it built,
including its pickup and SUV.
Shares of Rivian plunged 14.1% over the
month compared to its industry’s decline of 5%.
While some companies may be struggling
against the tide of battery demand, Lucid
Group (NASDAQ:
LCID),
which is setting new standards with its advanced luxury EVs, recently
announced
the full exercise of the 15% "greenshoe" option under the convertible
senior notes offering announced on December 8, 2021, raising an additional
$262,500,000 for Lucid's business under this offering and bringing the total
gross proceeds to $2,012,500,000. Comprised of green bonds, this offering means
that Lucid will spend an amount equal to the proceeds on eligible green
investments in its business, underscoring the company's commitment to
addressing climate change and environmental challenges.
This also marked the beginning of trading
for Lucid Group as part of the Nasdaq-100 Index®, one of the world's preeminent
large-cap growth indexes.
"This funding will allow Lucid to
carry out key milestones and growth plans further into the future, thereby
mitigating risk in the business. It's also one of the largest green convertible
offerings in market history, reflecting the strength and mission of our
business, our track record of performance, and the enormous growth opportunity
that lies in front of us," said Sherry House, CFO, Lucid Group. "We
are also pleased to begin trading as part of the Nasdaq-100 Index, with Lucid
added as a member of this impressive index of technology and innovation
leaders."
Showing how heavy EV enthusiasm is still
driving the industry even amongst it’s issues, a Colorado battery technology
company, Solid Power Inc. (NASDAQ:SLDP) that Ford Motor Company (NYSE:F) and BMW have
invested in,
raised $542.9 million by going public through a reverse merger.
Louisville-based Solid Power Inc. shares
appeared on the Nasdaq exchange a day after the closure of its acquisition by
Decarbonization Plus Acquisition Corporation III (Nasdaq: DCRC), a special
purpose acquisition company, or SPAC, formed to get the battery startup
publicly listed.
The company’s solid-state battery
technology promises to create batteries for electric vehicles that would be
lighter, faster-charging and safer than existing lithium-ion batteries that use
liquid electrolytes.
The SPAC deal brought Solid Power enough
cash to begin commercial-scale production and integrate its solid-state
batteries for use in electric vehicles in 2026.
“It’s a little surreal,” said Doug Campbell, Co-Founder and
CEO of Solid Power, by phone from New York City just after watching the
company’s shares begin trading under its own ticker symbol (Nasdaq: SLDP).
“It’s been quite a journey.”
“We’ve got a fully funded business through
2026,” he said. “This gets us to a revenue-sustaining model, and that’s pretty
cool.”
Solid Power has developed a new kind of
battery, one that doesn't use liquid electrolytes common in lithium-ion
batteries. The solid-state batteries will be more powerful, lighter and far
less prone to catch fire, making electric vehicles using them able to go
farther on faster charges while being safer than current batteries, Solid Power
says.
The biggest surprise of the SPAC merger
taking the company public was how few — less than 1% — of the pre-merger
shareholders cashed out instead of remaining invested in Solid Power, Campbell
said. "In hindsight, we did remarkably well," he said.
The company spent its early years proving
solid-state battery technology. It more recently developed the process to
produce the batteries at a commercial scale
There is no debate over whether or not
there are still issues regarding supply, efficiency and size for EV batteries,
but as more investors continue to be attracted to the sector making raising
capital a simple matter for these companies, it seems there are a myriad of
solutions on the horizon.
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