There’s substantial growth ahead for electric vehicle companies, like Tesla Inc. (NASDAQ:TSLA), Nio Inc. (NYSE:NIO), Ford Motor Co. (NYSE:F), and battery companies, such as NEO Battery Materials Ltd. (TSXV:NBM)(OTC:BCGOF) and Quantumscape Corp. (NYSE:QS). Helping to drive that growth, global leaders want millions of electric vehicles on the roads. In fact, by 2030, according to the International Energy Agency (IEA), the world could see up to 145 million EVs on roads all around the world. It’s also being fueled by pledged to cut global emissions. For example, the U.S. just pledged to reduce emissions by up to 52%, which could provide a sizable boost to the EV industry. The UK just announced plans to stop the sale of diesel and gasoline vehicles by 2030, opting for EVs. Germany unveiled a budget, which includes subsidies for electric vehicle buyers. Israel announced it will phase out fossil fuel vehicles by 2030. Norway plans to remove gas-powered vehicles by 2025.
Along the way, it’s increasing the need for EV battery technology. NEO Battery Materials Ltd., for example, recently announced it “achieved breakthrough results in attaining a highly stable long-term cycling ability using 100% silicon (Si) anodes,” as reported by Battery Industry. Helping even more, “Elon Musk, CEO of Tesla, said, incorporating silicon into the anode of a Li-ion battery has the potential to improve energy density by 20–40%, extending the maximum range of vehicles by 20%.”
NEO Battery Materials Ltd. (TSXV:NBM)(OTC:BCGOF) in Development Agreement with YUIF
NEO Battery Materials Ltd. just announced that NEO has entered into a collaborative development agreement with Yonsei University-Industry Foundation. The objective of the Collaboration is to conduct research and forward the development and commercialization of the proprietary ion-conductive polymer nanocoating technology for silicon anode applications.
Spencer Huh, President and Chief Executive Officer, commented, “We are delighted to be partnered with YUIF to collaboratively develop our proprietary silicon anode technology. Our disruptive technology holds the potency to remove the bottleneck for electric vehicles through silicon’s superior electrochemical properties. We look forward to advance this partnership for further productive opportunities.”
Under this Collaboration, NEO will jointly develop its nanocoating technology to enhance the performance and durability of silicon anodes materials in lithium-ion batteries (LiBs). NEO’s technology also aims to improve the flexibility and specific capacity of the respective anode active material, increasing the energy density and life span of LiBs in electric vehicle, consumer electronics, and energy storage applications. Utilizing lean and efficient process steps, NEO believes that its unique single-stop process will enable cost-effective and scalable production.
The term of the Collaboration will continue for a period of 3 years from May 10, 2021. Any potential IP rights resulting from the Collaboration will be wholly owned by NEO Battery Materials.
Leading research and development will be Dr. Jong Hyeok Park, Director and Chief Scientific Advisor. Dr. Park was previously a Senior Researcher for LG Chem with a total of 92 patents and co-invented the world’s first safety-reinforced separator (SRS). He is currently a technology advisor for next-generation batteries at Samsung Advanced Institute of Technology (SAIT) and a Professor of Chemical and Biomolecular Engineering at Yonsei University.
Other related developments from around the markets include:
Tesla Inc. released its financial results for the first quarter of 2021 by posting an update on its Investor Relations website. Please visit https://ir.tesla.com to view the update.
Nio Inc. provided its April 2021 delivery results. NIO delivered 7,102 vehicles in April 2021, representing a strong 125.1% year-over-year growth. The deliveries consisted of 1,523 ES8s, the Company’s six-seater and seven-seater flagship premium smart electric SUV, 3,163 ES6s, the Company’s five-seater high-performance premium smart electric SUV, and 2,416 EC6s, the Company’s five-seater premium smart electric coupe SUV. As of April 30, 2021, cumulative deliveries of the ES8, ES6 and EC6 reached 102,803 vehicles.
Ford Motor Co. will take the investment community deeper into the company’s plan to create value and generate deep loyalty through always-on customer relationships, lead the industry-wide electrification revolution in areas of strength, deliver connected vehicles and services – and, in the process, expand Ford’s industry-leading commercial-solutions business – when the company hosts its Capital Markets Day on Wednesday, May 26. The webcast will open at 9:15 a.m. EDT and the event will start promptly at 9:30 a.m. EDT.
Quantumscape Corp. announced that it has entered into an agreement with Volkswagen Group of America, Inc. to select the location of their joint-venture solid-state battery pilot-line facility by the end of 2021. The companies currently contemplate Salzgitter, Germany for the location.
The pilot-line facility, QS-1, will initially be a 1-gigawatt hour (GWh) battery cell commercial production plant for electric vehicle batteries. QuantumScape and Volkswagen intend to expand production capacity by a further 20 GWh at the same location.
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