#EV Sector
Snapshot-Growth in the EV Market Creates New Challenges and Opportunities-
(TSXV: $NBM.V) (OTC: $NBMFF), (NASDAQ:
$TSLA), (NYSE: $F), (NYSE: $GM); @neo_battery
@telsa @Ford @GM
5-Minute Ultra-Fast
Charging Capability Achieved by NEO's (TSXV: $NBM.V) (OTC: $NBMFF) Silicon
Anode Technology
Point Roberts WA, Delta, BC –June 9, 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/06091EV-Market-Challenges-Opportunities.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.
About Investorideas.com - News that Inspires Big
Investing Ideas
Investorideas.com publishes breaking stock news, third
party stock research, guest posts and original articles and podcasts in leading
stock sectors. Learn about investing in
stocks and get investor ideas in cannabis, crypto, AI and IoT, mining, sports
biotech, water, renewable energy, gaming and more. Investor Idea’s original
branded content includes podcasts and columns :
Crypto Corner , Play by Play sports and stock
news , Investor Ideas Potcasts Cannabis News and Stocks on the Move
podcast , Cleantech and Climate Change , Exploring Mining , Betting on Gaming Stocks Podcast
and the AI Eye
Podcast.
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles
and equity research as well as creates original content, including video,
interviews and articles. Original content created by investorideas is protected
by copyright laws other than syndication rights. Our site does not make
recommendations for purchases or sale of stocks, services or products. Nothing
on our sites should be construed as an offer or solicitation to buy or sell
products or securities. All investing involves risk and possible losses. This
site is currently compensated for news publication and distribution, social
media and marketing, content creation and more. Disclosure is posted for each
compensated news release, content published /created if required but otherwise
the news was not compensated for and was published for the sole interest of our
readers and followers. Contact management and IR of each company directly
regarding specific questions. Disclosure: this news article featuring
NBM.V is a paid for content creation tag news on Investorideas.com More disclaimer
info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other
news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and
tickertagstocknews.com
Global investors must adhere to regulations of each country.
Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp
Contact
Investorideas.com
800-665-0411
RenewableEnergyStocks.com:
investing ideas in renewable energy stocks - solar, wind, batteries and more -
Environmental, social and governance (ESG) investing tools
MiningSectorStocks.com - investing ideas in mining stocks
Like Mining Stocks? View our Mining Stocks Directory Get News Alerts on Mining Stocks
