Better #Battery #Technology for #EV's- (TSXV: $NBM.V) (OTC: $NBMFF)
(NASDAQ: $TSLA) (NYSE: $NIO) (NASDAQ: $RIVN) (NYSE: $F) (NYSE: $GM) @neo_battery @Tesla @NIOGlobal @Rivian
@Ford @GM
Vancouver,
Kelowna, Delta, BC – April 20,2023 - Investorideas.com, a leading
investor news resource covering EV and battery stocks releases a special news
report on battery innovation, featuring Vancouver-based NEO Battery
Materials Ltd. (TSXV:NBM) (OTC:NBMFF), a low-cost
silicon anode materials developer that enables longer-running, rapid-charging
lithium-ion batteries. The Company intends to become a silicon anode active
materials supplier to the electric vehicle industry.
Read this article,
featuring NBM in full at https://www.investorideas.com/news/2023/renewable-energy/04201Battery-Technology-EV.asp
According
to Market Research
Future
(MRFR) “The market size for Electric Vehicle is expected to reach USD 957.06
billion by 2030, with a compound annual growth rate (CAGR) of 24.50% between
2022 and 2030. The market is being driven by a number of factors, including
government incentives, increased consumer awareness and demand, and advances in
EV technology.”
“Improvements
in battery technology have made EVs more affordable and increased their driving
range, making them a more viable alternative to traditional ICE vehicles.”
NEO Battery
Materials Ltd. (TSXV:
NBM)
(OTC:
NBMFF),
just announced the Company has
achieved a significant technology milestone in its nanocoating manufacturing
process. The new uniform nanocoating capability allows NEO’s proprietary
silicon anode materials, NBMSiDE™, to extend EV driving ranges and prompt
faster battery charging.
NEO
has achieved the ideal nanocoating conditions to produce uniformly-coated
silicon particles consistently. As a result, uniform nanocoating layers will be
an additional advantage to enhance the current performance achieved by
NBMSiDE™. Previously, non-uniform coatings often resulted in substandard
capacity retention of NBMSiDE™ due to mechanical breakdown (refer to Figures A
and B https://ca.finance.yahoo.com/news/neo-battery-silicon-anode-achieves-124500289.html).
However,
this manufacturing breakthrough in uniform nanocoating will ensure robust
capacity retention and enable coating thickness control during commercial-level
testing. Figures C to E (https://ca.finance.yahoo.com/news/neo-battery-silicon-anode-achieves-124500289.html) show that the
enhanced capability is agnostic to the silicon’s shape and structure, making
possible uniform coatings on both spherical and edged particles.
Dr.
S. G. Kim, CTO of NEO, commented, “Achieving uniform coating layers on the
nano-scale is an exceptionally difficult task for a company of any size that
handles chemical products. Especially for NEO, our metal silicon inputs take on
a plate-shaped structure, which adds to the technical hurdle of enabling
uniform coatings. However, by achieving this uniform coating capability through
an additional solution process, we have made a remarkable accomplishment and
have amassed great interest from 3rd party industry experts and players.”
Over
the past 2 years, the Company has developed a novel manufacturing approach that
combines the mixing, grinding and nanocoating process into a one-step system.
This transformational innovation will allow NEO to supply silicon anodes that
are 70% cheaper compared to current competitors technologies. The Company is
also underway filing additional patents related to the technology and additive materials
for the uniform coating solution process.
Mr.
Spencer Huh, President and CEO of NEO, added, “With commercialization on track
for 2024, this technology milestone marks another significant advantage for us
in the battery industry. This uniform coating capability may also be applied to
different chemical and battery materials, such as cathode materials. At NEO, we
aim to provide one of the most transformative, cost-effective battery
technology solutions to encourage the mass adoption of electric vehicles.”
According to a recent article
in Whichcar.com, Tesla (NASDAQ: TSLA)
has a new battery in the works for its Model 3 that could give 700km driving
range. The Tesla Model 3 Performance is set to gain an upgraded battery later
this year, according to the world’s largest EV battery supplier
Continued:
Top spec 2024 Tesla Model 3 variants are expected to gain an all-new longer
driving range battery pack utilising a different chemistry.
Continued:
Reuters reports Chinese battery giant Contemporary Amperex Technology Co.
Limited (CATL) will start mass production on a new pack slated for the flagship
Model 3 Performance this year – potentially coinciding with the anticipated
2024 project ‘Highland’ update.
Continued:
CATL chair Zeng Yuqun reportedly told investors that it’ll feature new
materials, offer higher energy density, and is cheaper than current nickel- and
cobalt-based batteries.
Betting on battery swapping as part
of its growth plan, NIO (NYSE: NIO)
recently announced
its March and first quarter 2023 delivery results.
From the news:
NIO delivered 10,378 vehicles in March 2023. The deliveries consisted of 3,203
premium smart electric SUVs, and 7,175 premium smart electric sedans. NIO
delivered 31,041 vehicles in the first quarter of 2023, representing an
increase of 20.5% year-over-year. Cumulative deliveries of NIO vehicles reached
320,597 as of March 31, 2023.
Continued:
Starting from March 28, 2023, NIO has rolled out the deployment of the
third-generation Power Swap station in China, with each station having a
service capacity of up to 408 swaps per day. As of March 31, 2023, NIO had
deployed 1,339 Power Swap stations, 1,285 Power Charger stations with 6,467
chargers, and 1,154 destination charging stations with 7,993 chargers
worldwide. NIO will speed up the expansion of the battery swapping network, and
plans to install 1,000 Power Swap stations in 2023.
Continued:
NIO has been gradually releasing NOP+ Beta to vehicles based on NIO Technology
2.0 (NT2.0). Since its debut on December 27, 2022, more than 30,000 users have
activated and engaged NOP+ Beta, and the cumulative mileage has exceeded 15
million kilometers.
Rivian Automotive,
Inc. (NASDAQ: RIVN) is making headlines with its increased driving range
for its pickup and SUV. Talking about
the recent updates to these models, TopSpeed.com reported. “The most
important new feature with the software update is likely to be an updated EPA
range, which customers say could be at least 14 miles higher than before.
According to further customer experience, the three driving modes after the
update could thus deliver a range of 347 miles in Conserve driving mode, 315
miles in All-Purpose, and still 311 miles in Sport mode. One reason for the
increased range of the R1T and R1S models is probably a battery update that
Rivian is also performing with the software update.”
“The
manufacturer confirmed that the battery is now characterized by an increased
depth of discharge, which increases the usable energy of the battery. This is
likely to be accompanied in particular by the practical effect of providing
customers with a higher available mileage at the top end of the charge. Other
enhancements as part of the update will also bring new infotainment features as
well as a new steering system designed to improve straight-line stability.”
Going
all in for the future EV market, Ford
Motor Company (NYSE:
F)
announced earlier this month
it is investing C$1.8 billion in its Oakville Assembly Complex to transform it
into a high-volume hub of electric vehicle manufacturing in Canada – a key part
of the company's plan to scale production of electric vehicles and make them
more accessible to millions of customers.
Continued: Ford’s Oakville,
Ontario, Manufacturing Site Prepares to Build Next-Gen EVs; C$1.8 Billion
Transformation Begins 2024 (CNW Group/Ford of Canada) Ford’s Oakville, Ontario,
Manufacturing Site Prepares to Build Next-Gen EVs; C$1.8 Billion Transformation
Begins 2024 (CNW Group/Ford of Canada) The campus, to be renamed Oakville
Electric Vehicle Complex, will begin to retool and modernize in the second
quarter of 2024 to prepare for production of next-generation EVs. This marks
the first time a full-line automaker has announced plans to produce passenger
EVs in Canada for the North American market.
Continued: "Canada and
the Oakville complex will play a vital role in our Ford+ transformation. It
will be a modern, super-efficient, vertically integrated site for battery and
vehicle assembly," said Jim
Farley, Ford president and CEO. "I'm most excited for the world to see the
incredible next-generation electric and fully digitally connected vehicles
produced in Oakville."
GM
is getting competitive in the lithium battery market through strategic
investments that will pay off in the future. Energy Exploration Technologies
Inc. and General Motors (NYSE:
GM)
announced this month that GM
Ventures is leading a $50 million Series B financing round in EnergyX, and has
entered into a strategic agreement to develop EnergyX's lithium extraction and
refinery technology. The collaboration is focused on unlocking the North
American supply of lithium, a critical material for EV batteries, by using
EnergyX's innovative process to maximize efficiency while improving
sustainability for GM's rapidly scaling EV production.
EnergyX's
direct lithium extraction (DLE) technology portfolio can make lithium metal directly
from brine and potentially in anode-ready form for EV batteries, which enables
more cost-effective and sustainable lithium recovery to unlock a vast lithium
supply chain in North America that may otherwise be unviable.
GM
is investing in every stage of the battery supply chain in North America, from
raw materials to processing, to cell components and full battery cell
production.
Battery
technology innovation is the key to the long term success of the EV revolution,
let the race begin.
Research
EV and battery stocks at Investorideas.com stock directory
https://www.investorideas.com/Companies/RenewableEnergy/Stock_List.asp
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