#EV Sector Back In Business: #Stocks to watch (TSXV: $NBM.V)
(OTC: $NBMFF) (NASDAQ: $RIVN) (NASDAQ: $LCID) (NASDAQ: $SLDP)
(NYSE: $F) @neo_battery @Rivian @LucidMotors @SolidPowerInc @Ford
Strong Investor Interest Drives the #EV and #Battery Industry into
the Future
Point Roberts WA, Delta, BC –December 31, 2021 - Investorideas.com, a leading investor news resource covering battery and EV stocks releases a special report featuring NEO Battery Materials Ltd. (TSXV: NBM) (OTC: NBMFF), a Vancouver-based company focused on silicon anode materials for EV lithium-ion batteries. Investor ideas reports on how, even amidst issues with battery demand and efficiency for the EV space, the industry is still attracting huge investor attention and progressing at a rapid pace.
Read this article,
featuring NBM in full at https://www.investorideas.com/news/2021/renewable-energy/12311EV-NBM-RIVN-LCID-SLDP-F.asp
In
a recent Forbes article
discussing the EV market they reported, “the ease with which next-generation
electric vehicle companies Rivian, Lucid and Fisker raked in billions of
dollars from investors in 2021–combined with Tesla blowing past a
once-unthinkable market cap of $1 trillion–marked the shift to an automotive
era that’s racing to kick climate-warming carbon fuels. In the year ahead
momentum shifts to auto giants General Motors, Volkswagen, Toyota and Hyundai,
which are upping their electric game–and Ford with a battery-powered pickup
aimed squarely at the heart of the U.S. market.”
The
article continued, “This will be a watershed model release as Ford capitalizes
on its entrenched position with customers on the EV front,” says Dan Ives, an
equity analyst for Wedbush Securities. Along with the work-oriented Lightning,
Rivian’s sporty R1T electric truck targeting outdoor enthusiasts will further
expand the EV space (it was named MotorTrend’s “truck of the year in December).
“Ford and Rivian coming out of the gates are the clear leaders in this EV
pickup truck arms race which is a $1 trillion market over the next decade based
on our estimates.”
NEO Battery Materials Ltd. (TSXV:
NBM) (OTCQB:
NBMFF) just shared a review of
2021 related to the advancement of the Company’s patented
and proprietary silicon anode active materials for electric vehicle lithium-ion
batteries.
NEO
Battery Materials Ltd. is a company that focuses on the anode material of the 4
core battery materials: 1) Anode, 2) Cathode, 3) Separator, and 4) Electrolyte.
The Company is advancing a proprietary nanotechnology to produce Silicon Anode Materials through a
low-cost, single-step manufacturing process.
With
accelerating efforts to replace parts of graphite with silicon in the anode
material, the silicon anode active materials market faces a significant growth
potential of 70-80% compound annual growth rate (CAGR) over the next five
years, reaching a market size of approximately $5B CAD.
NEO Battery
Materials offers a cost-competitive silicon anode material technology that 1)
increases the battery run-time through improving the energy density with
silicon, 2) ultra-flexibility characteristics that enable structural durability
and robustness, and 3) ultra-fast charging capability through enhancing the
wettability of silicon particles with its nanocoating layers.
Recently
the company has established a 2-Track Silicon (Si) Anode Material
Development Process: 1) Silicon
Microparticles and 2) Silicon Nanoparticles.
The Company has selected to innovate with silicon microparticles due to the
significant cost savings for raw material input cost compared to silicon
nanoparticles, which microparticles are on average 8 to 10 times cost-effective
than nanoparticles.
NBM also
successfully launched 3 Silicon
Microparticle Anode Material Products, named NBMSiDE, with the trademark pending approval through the Korean
Intellectual Property Office. Each NBMSiDE product retains unique nano coating
materials and characteristics that enable the silicon microparticles to perform
as an anode material. Over the year, NEO’s patent portfolio expanded from 3 issued or pending in February 2021 to
5 issued or pending patents at the
end of December 2021.
In the
company’s business developments they have increased the non-disclosure
agreement (“NDA”) count from 2 in
March 2021 to approximately 20 NDAs
which include globally established industry players in the battery cell
manufacturing, materials manufacturing, and automotive industries as well as
completed the establishment of the wholly-owned South Korean subsidiary, NEO Battery Materials Korea Co., Ltd.,
for flexibility of operations in South Korea and creating relationships with
battery manufacturers and government entities.
NBM also
signed a Letter of Intent with the University
of Toronto and an Undisclosed Global
OEM for a research consortium on the R&D and scale-up of electric
vehicle (EV) battery material technologies and formed a licensing agreement and
collaborative development agreement with the Yonsei University of South Korea for the development and
advancement of NBMSiDE manufacturing and nanocoating material technologies for
high-performance EV lithium-ion batteries.
Mr.
Spencer Huh, President and CEO of NEO expressed, “2021 was a highly special and
historical year to NEO. We hold great confidence and belief that we will be
among the advanced and crucial components of the supply chain for the promising
lithium-ion battery industry in the coming years. We expect that 2022 will be
another decisive year to achieve important and noticeable milestones related to
the commercialization and performance improvement of NBMSiDE. On behalf of
management and the board of directors, we would like to thank all our team and
our valued shareholders for a great 2021. We will move forward at full capacity
to maximize our shareholders’ value in 2022, and we wish you the best Happy New
Year.”
The need
for better and bigger batteries is affecting the entire industry as companies
like Rivian Automotive, Inc. (NASDAQ:
RIVN)
recently announced delayed deliveries of its electric pickup
truck and sports utility vehicle with big battery packs to 2023.
The auto
giant has around 71,000 preorders of R1T pickup trucks and R1S SUVs in the
United States and Canada, but the majority of them are for the small battery
pack version of the vehicles, which provides 314 miles of range on one charge.
On the other hand, the bigger battery pack, known as the Max pack, is expected
to offer 400 miles on a single charge. However, this version accounts for only
20% of the total preorders.
In order
to cater to the larger chunk of preorder holders, the company has decided to
push back the priority timeline of building the Adventure Package with a large
pack battery.
Explore
Package preorders and vehicles with a Max pack battery configuration will
follow suit in 2023. The company stated that the timings of its deliveries
optimize its build sequence so that the best build combination offering the
largest possible positive climate impact is prioritized.
To
ensure that its customers remain updated about the vehicle delivery status at
all times, the EV manufacturer has plans to introduce a feature on the accounts
of Rivian customers that will display their current delivery timing estimate,
by early 2022.
After
having reported its first quarterly results as a listed firm earlier this
month, the electric-vehicle maker has been hit by production challenges due to
the ongoing supply-chain crisis, a global pandemic-induced tightened labor
market and short-term issues around building electric battery modules. Despite
the bottlenecks, it is to be noted that the company has already delivered 386
of the 652 vehicles that it built, including its pickup and SUV.
Shares
of Rivian plunged 14.1% over the month compared to its industry’s decline of
5%.
While
some companies may be struggling against the tide of battery demand, Lucid Group (NASDAQ:
LCID), which is setting new standards with its advanced
luxury EVs, recently
announced the full exercise of the 15% "greenshoe" option
under the convertible senior notes offering announced on December 8, 2021,
raising an additional $262,500,000 for Lucid's business under this offering and
bringing the total gross proceeds to $2,012,500,000. Comprised of green bonds,
this offering means that Lucid will spend an amount equal to the proceeds on
eligible green investments in its business, underscoring the company's
commitment to addressing climate change and environmental challenges.
This
also marked the beginning of trading for Lucid Group as part of the Nasdaq-100
Index®, one of the world's preeminent large-cap growth indexes.
"This
funding will allow Lucid to carry out key milestones and growth plans further
into the future, thereby mitigating risk in the business. It's also one of the
largest green convertible offerings in market history, reflecting the strength
and mission of our business, our track record of performance, and the enormous
growth opportunity that lies in front of us," said Sherry House, CFO,
Lucid Group. "We are also pleased to begin trading as part of the
Nasdaq-100 Index, with Lucid added as a member of this impressive index of
technology and innovation leaders."
Showing
how heavy EV enthusiasm is still driving the industry even amongst it’s issues,
a Colorado battery technology company, Solid
Power Inc. (NASDAQ:SLDP) that Ford Motor Company (NYSE:F) and
BMW have invested in,
raised $542.9 million by going public through a reverse
merger.
Louisville-based
Solid Power Inc. shares appeared on the Nasdaq exchange a day after the closure
of its acquisition by Decarbonization Plus Acquisition Corporation III (Nasdaq:
DCRC), a special purpose acquisition company, or SPAC, formed to get the
battery startup publicly listed.
The
company’s solid-state battery technology promises to create batteries for
electric vehicles that would be lighter, faster-charging and safer than
existing lithium-ion batteries that use liquid electrolytes.
The SPAC
deal brought Solid Power enough cash to begin commercial-scale production and
integrate its solid-state batteries for use in electric vehicles in 2026.
“It’s a
little surreal,” said Doug Campbell, Co-Founder
and CEO of Solid Power, by phone from New York City just after watching the
company’s shares begin trading under its own ticker symbol (Nasdaq: SLDP).
“It’s been quite a journey.”
“We’ve
got a fully funded business through 2026,” he said. “This gets us to a
revenue-sustaining model, and that’s pretty cool.”
Solid
Power has developed a new kind of battery, one that doesn't use liquid
electrolytes common in lithium-ion batteries. The solid-state batteries will be
more powerful, lighter and far less prone to catch fire, making electric
vehicles using them able to go farther on faster charges while being safer than
current batteries, Solid Power says.
The
biggest surprise of the SPAC merger taking the company public was how few —
less than 1% — of the pre-merger shareholders cashed out instead of remaining
invested in Solid Power, Campbell said. "In hindsight, we did remarkably
well," he said.
The
company spent its early years proving solid-state battery technology. It more
recently developed the process to produce the batteries at a commercial scale
There is
no debate over whether or not there are still issues regarding supply,
efficiency and size for EV batteries, but as more investors continue to be
attracted to the sector making raising capital a simple matter for these
companies, it seems there are a myriad of solutions on the horizon.
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