#Batteries Snapshot = The New Gold: Demand
for #EV’s Creates Battery Shortage (TSXV: $NBM.V) (OTC: $NBMFF) (NYSE: $GM) (NASDAQ: $TSLA) (NYSE: $F) (XETRA:VOW.DE) @neo_battery @telsa @Ford @GM @VW
Successful Results
in Integrating NEO's Silicon into Graphite-Based Anodes for Improved Longevity,
Stability and Capacity Retention
Point Roberts WA, Delta, BC – June 22, 2021 - Investorideas.com, a leading investor news resource covering cleantech and mining stocks releases a sector snapshot on the race for more efficient and cost effective battery sources as more car manufacturers enter the EV space and demand continues to grow. Vancouver-based NEO Battery Materials Ltd. (TSXV: NBM.V) (OTC: NBMFF), a resource company focused on battery materials and metals, intends to become a lead player in the space as a silicon anode materials supplier to the electric vehicle industry.
Read this article
featuring NEO in full at https://www.investorideas.com/news/2021/renewable-energy/06221EV-Battery-Shortage.asp
In a recent report from Reuters, it was
announced that the Biden administration will begin to emphasize battery
recycling as part of its electric-car plans, aiming to address supply issues.
The recycling push is the result of a 100-day review of gaps in the supply
chain of key areas, including metals used in batteries for EVs and consumer
electronics, the report said. The administration is seeking not only to expand
EV adoption, but to also create a more robust domestic supply chain for key
materials.
Recycling is seen as a way to help
achieve those goals with less reliance on expanded domestic mining, which faces
regulatory hurdles and environmentalist opposition, the report said. The
administration is also researching ways to reduce metal usage in batteries,
according to the report.
Another solution is to find new,
inexpensive materials that allows the batteries to run longer and last longer.
Currently, the anode material is known to be the bottleneck of the battery due
to graphite’s limited capacity to store energy or lithium-ions.
Silicon, hence,
is recognized as the next material to forward the development of batteries as
it has a capacity more than 10 times than of graphite. However, silicon expands
during charging, which damages the anode and battery. Many approaches have been
discussed to counter this issue and to commercialize silicon anodes.
As the
EV sector continues to grow, there are many looking to solve the silicon issue
such as Dr. Jong Hyeok Park, Chief Scientific Advisor and Director of NEO Battery Materials Ltd. (TSXV:
NBM)
(OTC:
NBMFF) who recently announced that
NEO’s silicon (Si) nanocoating technology is proving to be highly effective in
conventional graphite/Si mixture anodes, overcoming a major barrier to the
commercialization of Si anodes in graphite anode systems. In the past week,
this test was conducted and validated by a well-established third-party
laboratory in South Korea. More detailed experiment conditions are as below:
1. Loading
mass: 6.5mg/cm2
2. Electrode
density: 1.1g/ cm3
3. Natural
graphite/Si ratio: 9:1
4. Charging
condition: 0.5C with CC/CV mode (NOT CC mode)
5. Voltage:
0.01V ~ 1.5V
NEO’s
previous 100% Si nanoparticle-based durability test results had confirmed that
NEO’s proprietary nanocoating technology stabilizes the Si material at
long-term operating times required for electric vehicles (EV) and various
energy storage applications. These new results further demonstrate the
longevity and stability of NEO’s Si anode when it is mixed with a conventional
graphite-based anode. Introducing 10% of NEO’s nanocoated silicon in a natural
graphite anode allows a more uniform solid-electrolyte interface (SEI) layer
formation with minimal volume expansion during cycling, and thus, more than
two-times higher capacity retention is obtained.
Dr. Park
added, “NEO’s Si anode innovation
breaks through the barriers that have hindered the commercialization of Si
anode materials in conventional graphite-based batteries. Initially, we
questioned if the nanocoating layer on Si nanoparticles could be sustainable in
conventional graphite powder, but this test provides us a highly positive
signal for the commercialization of our patented nanocoating technology in
silicon-graphite anodes. This indicates that we may increase the Si contents in
graphite systems without serious performance degradation.”
Additionally,
in the past two weeks, NEO has signed several non-disclosure agreements with
some established players in the battery metals and materials industry.
Discussions pertain to the advancement of NEO’s silicon production and
proprietary nanocoating technology for silicon anodes. Due to reasons of
confidentiality and the competitive nature of the industry, all parties will
remain unidentified at this point in time.
Spencer
Huh, President and CEO of NEO commented, “This
is extremely welcome news as we are on an accelerated process to push our
corporate initiatives. NEO’s robust portfolio of properties, patents, and
personnel are currently producing considerable synergy, and we look forward and
are enthusiastic to advance to the next stage of our plans.”
At this
time, no further deal terms have been reached, nor has the Company entered into
any letters of intent, partnerships, advisory agreements, or any other form of
definitive agreement with these parties. As the Company’s discussions remain at
preliminary stages, there can be no assurance or guarantee that the Company
will enter into binding agreements.
General
Motors Co. (NYSE:
GM) recently announced that it will increase its
EV and AV investments from 2020 through 2025 to $35 billion, representing a 75
percent increase from its initial commitment announced prior to the pandemic.
The company’s enhanced commitment
will accelerate its transformative strategy to become the market leader in EVs
in North America; the global leader in battery and fuel cell technology through
its Ultium battery platform and HYDROTEC fuel cells; and through Cruise, be the
first to safely commercialize self-driving technology at scale.
“We are investing aggressively in a
comprehensive and highly-integrated plan to make sure that GM leads in all
aspects of the transformation to a more sustainable future,” said GM Chair and
CEO Mary Barra. “GM is targeting annual global EV sales of more than 1 million
by 2025, and we are increasing our investment to scale faster because we see
momentum building in the United States for electrification, along with customer
demand for our product portfolio.”
GM first shared its vision of a
world with zero crashes, zero emissions and zero congestion nearly four years
ago. Key factors changing the landscape include strong public reaction to the
GMC HUMMER EV and HUMMER EV SUV, the Cadillac LYRIQ and the Chevrolet Silverado
electric pickup; GM and dealer investments in the EV customer experience;
public and private investment in EV charging infrastructure; and the global
policy environment.
“There is a strong and growing
conviction among our employees, customers, dealers, suppliers, unions and
investors, as well as policymakers, that electric vehicles and self-driving
technology are the keys to a cleaner, safer world for all,” Barra said.
This announcement builds on GM’s
initial commitment announced in March 2020 to invest $20 billion from 2020
through 2025, including capital, engineering expenses and other development
costs, to accelerate its transition to EVs and AVs. In November 2020, the
company increased its planned investment over the same period to $27 billion.
These investments are enabled by
GM’s strong underlying business, including record EBIT-adjusted in the last
three quarters. GM now expects to deliver better-than-expected results in the
second quarter despite the industry-wide impact of the semiconductor shortage.
EV
favorite Tesla Inc. (NASDAQ:TSLA) recently
released their new Model S Plaid, which has received its first
official EPA rating with a range of 348 miles on a single charge, but that’s
for the bigger and less efficient wheels.
The
EPA is slowly releasing the new ratings for the new versions of the updated
Tesla Model S.
Earlier
this week, they released the
new rating for the updated 2021 Model S Long Range, which
received a 120 MPGe (highway and city driving combined) and a range of 405
miles on a single charge.
The
range was lower than Tesla had originally announced, but the efficiency did
improve compared to the previous version of the Model S Long Range trim. Though
the EPA has released its first rating for the new Model S Plaid, this was only
for the version with 21-inch wheels and the EPA has yet to release the range
for the Model S Plaid with 19-inch wheels, but Tesla has been guiding a range
of 390 miles.
Tesla
has been focusing on efficiency since it directly affects battery supply and
enables them to make more electric vehicles with the same amount of batteries.
Today, there are 25,000 Tesla Superchargers around the world, and with the
Model S Plaid adopting a new powertrain, Tesla was able to re-design the
battery to take advantage of the third-gen 250-kW Supercharger. Despite Tesla
still using the 18650 form-factor cylindrical battery cells, these now have
improved chemistry to deliver higher performance and durability. (This is the
fourth major chemistry improvement since the first Model S.) With its newest
100-kWh battery pack, Tesla claims the
Plaid can recover 187 miles of driving range in 15 minutes of charging at a V3
Supercharger.
Ford
Motor Company (NYSE:F) recently
joined General Motors with upbeat earnings guidance and sees
strong reservations for critical new vehicles including its first electric
truck. The No. 2 U.S. auto giant said
that it expects adjusted pretax earnings for the second
quarter to surpass its own expectations and be "significantly better"
than a year ago.
That's despite the semiconductor
shortage, which Ford said April 28 would halve its planned Q2 production and
reduce full-year adjusted EBIT to $5.5 billion-$6.5 billion.Ford will report
for Q2 and offer an outlook for the rest of the year on July 28.
Recently Ford touted 100,000
reservations for the F-150 Lightning, its first all-electric pickup truck and
Tesla Cybertruck rival. That's up from 20,000 reported May 20 after a launch
event, and 70,000 on May 26.
Meanwhile, its new compact Maverick
truck has 36,000 reservations, just a week after unveiling. Ford also reported
20,000 reservations for the all-electric E-Transit commercial van and 190,000
for the new, full-size Bronco SUV.
Ford also recently
announced acquiring Electriphi, a California-based provider of
charging management and fleet monitoring software for electric vehicles.
Electriphi’s team and services will be integrated into Ford Pro – a new global
business within Ford committed to commercial customer productivity and to
developing the most advanced charging and energy management experiences.
While more commercial vehicle
customers are considering all-electric vehicles, charging management remains a
hurdle to mass adoption. Ford Pro plans on leveraging its leadership position
in the commercial vehicle market, its vehicle offerings and Electriphi’s
technology to help customers with this transition.
“As commercial customers add
electric vehicles to their fleets, they want depot charging options to make
sure they’re powered up and ready to go to work every day,” said Ford Pro CEO,
Ted Cannis. “With Electriphi’s existing advanced technology IP in the Ford Pro
electric vehicles and services portfolio, we will enhance the experience for
commercial customers and be a single- source solution for fleet-depot
charging.”
“Customers have been clear –
electrification of their fleets is inevitable, with significant economic and
sustainability benefits. They now need solutions that enable a seamless
transition to electric vehicles,” said Electriphi CEO and co-founder, Muffi
Ghadiali. “Our synergies with Ford Pro will supercharge this transition. We’ll
delight customers by helping them reap the benefits of electrification, so they
can focus on what matters most – running their businesses effectively.”
Volkswagen
AG (XETRA:VOW.DE) announced
earlier in June that it is participating, with a
contribution of US$620 million (about €500 million), in a financing round of
its Swedish battery partner Northvolt AB with a total volume of US$2.75
billion. The Group will thus maintain its stake in the company at about 20
percent. The funds are to be used for capacity expansion in the fields of
production, recycling and research and development. Among other activities,
Northvolt intends to expand the capacity of its Northvolt Ett gigafactory in
Skellefteå, Northern Sweden from 40 GWh to 60 GWh per year, in order to meet
higher demand from customers.
Arno Antlitz, Group Board Member for
Finance and IT said, “With this investment, we are strengthening our strategic
partnership with Northvolt as a supplier of sustainable battery cells which are
produced using renewable energy and are comprehensively recyclable.”
Thomas Schmall, Group Board Member
for Technology and CEO of Volkswagen Group Components stated, “Batteries are
one of the key success factors in our unprecedented electric offensive. In the
major area of green battery cells, we are assuming a pioneering role in Germany
and Europe together.”
Volkswagen had already invested
about €900 million in Northvolt in June 2019, acquiring about 20 percent of the
shares in the company as well as a seat on the Board of Directors. The
production of Volkswagen premium cells is to be concentrated at Skellefteå in
cooperation with Northvolt. Production of these cells is due to start in 2023
and the annual capacity intended for Volkswagen is to be built up step-by-step
to as much as 40 GWh.
The second Volkswagen gigafactory is
located in Salzgitter and will produce the standard cell for the volume segment
from 2025. It is also expected to reach an annual production volume of up to 40
GWh. Both gigafactories are to be operated using electric power from renewable
energy sources.
All in all, Volkswagen expects to
commission six cell factories in Europe by 2030 together with its partners with
a view to safeguarding the ramp-up of electric vehicle production. After
Skellefteå and Salzgitter, possible locations and partners for the next cell
factories are already being considered.
As the production race rages on from
EV automakers trying to meet current consumer demand, advancement in battery
efficiency, battery recycling and battery production could see a major boom
which is creating new challenges as well as opportunities for companies to
solve this growing battery dilemma.
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