#Battery and #EV #Stocks to Watch (TSXV: $NBM.V)
(OTC: $NBMFF) (NASDAQ: $TSLA) (NYSE: $GM) (NASDAQ: $ENVX) @neo_battery @telsa @GM @Enovix3D
The #Battery
Battle - Can Battery Manufacturers Keep Up With #Automaker Demands?
Point
Roberts WA, Delta, BC – August 23, 2021 - Investorideas.com, a
leading investor news resource covering battery and energy stocks releases a
sector snapshot on the growth and advancement within the battery sector,
featuring NEO Battery
Materials Ltd. (TSXV:
NBM)
(OTC:
NBMFF), a Vancouver-based resource company focused on
battery metals and materials. The Company intends to become an integrated
silicon producer and anode materials supplier to the electric vehicle industry.
Read this article, featuring NBM in full at https://www.investorideas.com/news/2021/renewable-energy/08231Battery-EV.asp
As
the demand for better and more efficient batteries continues to grow, we are
seeing a real need for innovation which comes with risks as automakers race to
get more vehicles onto the market as soon as possible.
A recent CNBC
article said,”Automakers are spending billions of dollars to
transition to cleaner and greener battery-powered vehicles, but the new
technology has come with an even steeper cost: Reputation-damaging vehicle
fires, recalls, sudden power loss and problems getting some of the cars
started.”
“Anytime you go into a new area of technology, there’s
more to be learned than there is that you know,” Doug Betts, President of J.D.
Power’s automotive division told CNBC. “There are risks, and there are things
to be learned.” The learning curve with batteries is steep for traditional
automakers, and battery technology remains challenging even for Tesla, which
has faced similar issues.
Silicon anodes are recognized as the most promising
material to improve the specific capacity, or the run-time, of the battery as
it may store up to 10 times more lithium-ions than traditional graphite anode
materials. However, the natural volume expansion problem of silicon is
hindering the widespread adoption. The industry is hence accelerating the
development of high-performance silicon anodes that can be scaled through low-cost
production.
NEO Battery Materials Ltd. (TSXV: NBM) (OTC: NBMFF) may have a solution to some of these battery and silicon issues, having announced that the first prototype of silicon (Si) anode active materials has been successfully produced, and samples have been sent to NDA partners for full cell evaluation and electrochemical characterization.
Spencer Huh, President and CEO of NEO commented,
"The first working set of NEO's proprietary silicon anode materials has
been manufactured through our unique process. Our prototype will be utilized by
third-party partners for evaluating the performance and efficacy of NEO's Si
anodes in each respective party's cell system and environment. NEO will
complete due diligence during and after testing to refine and strengthen the
prototype for commercialization."
Dr. J. H. Park, Director and Chief
Scientific Advisor said, "The Si anode prototype for sample testing is
based on low-cost raw materials and was manufactured through our one-pot,
cost-effective process. NEO's ability of economically manufacturing silicon
anode materials is a substantial point of differentiation from existing
companies, and we expect this development to act as a catalyst to accelerate
the commercialization of our Si anode active materials."
From the
news:
As per the news release dated August 12, 2021, NEO has completed signing an NDA
and is under discussion for potential synergies and opportunities regarding its
Si anode nano coating technology. In this week, NEO has initiated two new NDAs
with global top-tier battery material producers in China and South Korea for
NEO's innovations with silicon. Updates and progress on discussions and
developments will be soon provided.
According to NEO Battery Materials, “Silicon
effectively increases the energy capacity of LiB and allows wider application
and use in electrical vehicles at low costs.”
Tesla
Inc.
(NASDAQ:
TSLA) , looking to maintain its position in the EV market
recently entered into a deal
with BHP for nickel supply for batteries. BHP will supply Tesla
Inc. with nickel from its Nickel West asset in Western Australia, one of the
most sustainable and lowest carbon emission nickel producers in the world.
From the
news:
Tesla Inc. is the world’s largest manufacturer of electric vehicles and battery
storage systems with a mission to accelerate the transition to sustainable
energy, and nickel is a key metal used to manufacture Tesla Inc.’s battery
technology.
BHP Chief Commercial Officer,
Vandita Pant, said: “Demand for nickel in batteries is estimated to grow by
over 500 per cent over the next decade, in large part to support the world’s
rising demand for electric vehicles.”
“We are delighted to sign this
agreement with Tesla Inc., and to collaborate with them on ways to make the
battery supply chain more sustainable through our shared focus on technology
and innovation.”
From the
news:
In addition to the supply agreement, BHP and Tesla Inc. will collaborate on
ways to make the battery supply chain more sustainable, with a focus on end-to-end
raw material traceability using blockchain; technical exchange for battery raw
materials production; and promotion of the importance of sustainability in the
resources sector, including identifying partners who are most aligned with BHP
and Tesla Inc.’s principles and battery value chains.
Most
recently, GM said it would spend $800
million on a recall of its Chevrolet Bolt EV following several
reported fires due to two “rare manufacturing defects” in the lithium-ion
battery cells in the vehicle’s battery pack.
This
follows General Motor Company’s (NYSE:
GM)
recent
announcement with AT&T to bring 5G cellular
connectivity to millions of GM vehicles coming off the assembly line over the
next decade in the United States. GM and AT&T are working together to set
the benchmark for automotive connectivity with a fifth generation cellular
network architecture to meet the needs of an all-electric and autonomous
future.
GM and
AT&T are collaborating to build a high performance 5G core network that
delivers a new standard. Network enhancements will include:
● Improved
roadway-centric coverage
● Faster
music and video downloads with higher quality
● Faster,
more reliable, and secure over-the-air software updates
● Faster
navigation, mapping, and voice services
5G
connectivity will first be available in select model year 2024 vehicles.
Additionally, through GM's fifth generation network, current 4G LTE-equipped
model year 2019 and newer vehicles will experience faster connectivity speeds
and many of the same performance benefits of future 5G-equipped vehicles.
Current Chevrolet, Buick, GMC and Cadillac owners in the U.S. with 4G
LTE-capable model year 2019 and newer vehicles will easily migrate to the new
network infrastructure once available.
This
rollout is part of GM and AT&T's broad strategy to launch the world's
largest fleet of 5G-enabled vehicles and the culmination of a two-year
collaboration, including test-driving connected vehicles in GM's 5G proving
grounds in Milford, Michigan.
AT&T
has the nation's most reliable 5G network, 1 covering more than 250 million
people across the country. From 2016 to 2020, AT&T invested more than $110
billion in its wireless and wireline networks, including capital investments
and acquisitions of wireless spectrum and operations.
GM
offers OnStar and Connected Services2 to more than 16 million customers in the
U.S. and Canada. Since the launch of 4G LTE in 2014, GM owners have used more
than 171 million gigabytes of data across its brands, which is equivalent to
nearly 5.7 billion hours of music streamed or more than 716 million hours of
streaming video.
To
support GM's rapid innovation and delivery of next generation connected vehicle
solutions, AT&T and Microsoft are bringing together the speed and
reliability of AT&T's 5G network with Microsoft's scalable and secure cloud
services.
The 4G
LTE and 5G network improvements will be foundational for the future of GM's
growing over-the-air update strategy, an element of the automaker's overall innovation
and growth plan. With more advanced features, robust software and faster
download speeds, more data is accessible to provide a more convenient customer
experience. GM's fifth generation network will also provide a strong foundation
as the company advances its technology, such as Super Cruise and its Vehicle
Intelligence Platform.
"Together
with AT&T, we've brought unprecedented experiences to the daily commute,
family road trips and everything in between," said Santiago Chamorro, GM
Vice President of Global Connected Services. "As an in-vehicle
connectivity leader, this rollout demonstrates our commitment to growth through
software-enabled services and reimagining every customer touchpoint by enabling
faster connectivity speeds to power in-vehicle voice-enabled services,
navigation, and apps that our customers have grown to love."
Another
battery maker, Enovix Corporation (NASDAQ:
ENVX), a leader in the design and manufacture of next
generation 3D Silicon™ Lithium-ion batteries, recently
announced that it has achieved a key manufacturing facility
milestone, completing equipment installation of its first U.S.-based advanced
battery production line. Enovix also announced it signed a Master Purchase
Agreement and a Cooperation Agreement with a California-based technology leader
focused initially on the wearable device space. Based on the terms of the
agreements, Enovix will receive a manufacturing capacity reservation fee and
pre-payments totaling $3.5 million over the next 12 months. The total
agreements are valued at up to $20 million with commercialization currently
scheduled to begin in 2025.
“Building
the Enovix factory in the US was a strategic choice to advance American
innovation and build an ecosystem between R&D, manufacturing and our
innovative customer base,” said Harrold Rust, President and Chief Executive
Officer of Enovix. “Completing the equipment installation puts us one step
closer to our planned start of production and customer deliveries in 2022.”
The
Enovix factory in Fremont, California, will be the first facility in the world
to be capable of volume production of advanced lithium-ion batteries with a
100% active silicon anode using its 3D cell architecture. Once the factory is
fully scaled, Enovix plans to produce 45 million batteries a year.
The
customer order is part of a larger strategic agreement in which the two
companies will collaborate over the next decade on multiple applications for
Enovix batteries. Platforms in this space require greater energy density and
capacity in a small form factor. The Enovix battery provides up to 110% higher
energy density than the standard lithium-ion battery in mobile devices today.
Enovix has been issued 94 patents with more than 63 pending and is uniquely
positioned to take advantage of the increasing power requirements of emerging
technologies coming to market in wearable platforms.
“We are
thrilled to convert this design win into a comprehensive agreement that
validates our business model and guarantees access to our breakthrough
batteries,” said Cam Dales, General Manager and Chief Commercial Officer. “This
is also the start of customer engagements moving beyond technology evaluation
as we scale production capacity.”
Scale
and efficiency seems to be at the forefront of the battery discussion and
whichever companies are able to meet these requirements first may have a
significant advantage in the future of this aggressive growth industry.
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