Investor Ideas - The
Global Quest for Better #Batteries (TSXV: $NBM.V) (OTC: $NBMFF) (NASDAQ: $TSLA)
(NASDAQ: $RIVN) (NYSE: $F) (NYSE: $GM) (NASDAQ: $LCID) @neo_battery @Tesla
@Rivian @Ford @GM @LucidMotors
Who has the Holy
Grail?
September
7, 2023 - Investorideas.com, a
leading investor news resource covering EV and battery stocks releases a
special news report on the global drive for battery innovation, featuring Toronto-based
NEO Battery Materials Ltd. (TSXV:NBM) (OTC:NBMFF), a
low-cost silicon anode materials developer that enables longer-running,
rapid-charging lithium-ion batteries.
Read this article,
featuring NMB in full at https://www.investorideas.com/news/2023/renewable-energy/09071Global-Quest-for-Better-Batteries.asp
According
to Reportlinker.com “The
worldwide demand for batteries is on the rise, primarily propelled by the
urgency to combat climate change through mobility electrification and energy
transition.
In
addition, significant growth in consumer electronics, such as wearables and
Bluetooth earphones, will further propel the Lithium-ion (Li-ion) battery
materials market.”
“Lithium-ion
batteries dominate the energy storage landscape for mobile electronic devices
and electromobility.”
“However,
the market strives for improvement in several aspects: Cost-effectiveness,
safety, longevity, energy density, and recyclability.”
Focusing
on cost and efficiency, NEO Battery
Materials Ltd. (TSXV:
NBM)
(OTC:
NBMFF), announced it
received the first purchase order (“P.O.”) for 0.4 metric tonnes (400
kilograms) of NEO’s proprietary silicon anode materials, NBMSiDE®, by an Asian
chemical material company (the “Customer”) under NDA.
From the news: Through
NEO’s South Korean subsidiary, NBM Korea Co., an initial volume P.O. was placed
for the Customer’s purpose of combining NBMSiDE® products with the Customer’s
battery materials to develop composite anodes for commercial-level lithium-ion
battery use. Due to the large volume order that exceeds the gratuitous sample
limit, the transaction was recognized as a purchase order, and NEO plans to
supply over a one (1) year timeline, delivering gradually optimized samples.
Mr.
Spencer Huh, President & CEO of NEO commented, “We are excited to extend
our relationship with the chemical material company to take another step
towards collaborative commercialization. The unnamed Customer will test
NBMSiDE® within their materials and system to present their products to
multiple global battery cell manufacturers & EV automakers they have been
cooperating on a long-term basis. Positive performance developments are opening
and driving new opportunities for advanced agreements continuously, and we
expect to secure additional bulk sample P.O.s for large volume testing.”
In
recent previous news discussing advancement of their technology, the Company announced
the
latest optimized batch of NEO’s proprietary silicon anode materials, NBMSiDE®,
has been sent to battery manufacturers and EV automakers for performance
evaluation.
From the news: As announced on
August 16, 2023, further improved formulations with uniform coatings and additives
have enabled an over 70% cycle life enhancement compared to the previous
evaluated batch. NEO Battery has continued sample delivery with multiple
companies in the EV battery supply chain, undergoing over 20 active material
evaluations to date. The latest delivery marks the 4th sample sent to a global
battery manufacturer with initial sample tests with North American-based LFP
(Lithium Iron Phosphate) battery manufacturers.
Looking to industry leader Tesla (NASDAQ: TSLA) for improvements in battery technology, Whichcar.com reported recently that “Chinese battery manufacturer ,Contemporary
Amperex Technology Co. Limited (CATL) has announced a new
lithium-iron-phosphate (LFP) battery pack and it’ll likely be featured on the
2024 Tesla Model 3 update.”
Continued: “The
new ‘Shenxing’ LFP battery is capable of ‘4C superfast charging’ to deliver 400
kilometres of driving range in 10 minutes on a compatible station, with more
than 700km claimed range on a full charge.”
Continued: “Compared
to traditional lithium-ion packs, LFP cathodes typically charge slower and are
more sensitive to lower temperatures but last longer and are thermally safer.“
Reporting
on developments with Rivian Automotive, Inc. (NASDAQ: RIVN), Autoblog reported this week, “Rivian says it has a new range
champ in the lineup. The company posted on its website that the dual-motor R1T
pickup with the 180-kWh Max battery pack and 21-inch wheels is EPA-rated to go
an estimated 410 miles on a charge. The EPA's comparison site doesn't list any
2024 Rivians yet, and the government agency hasn't posted info on the Max pack
at all, so this is Rivian getting a public jump on what we should expect.
Assuming this comes to pass, it exceeds the automaker's early estimate that the
Max battery would be good for a 400-mile run. The range puts the Rivian, the
2024 Chevrolet Silverado EV, and Tesla Cybertruck in the 400+ Miles of
Announced Range club for pickups, the 2024 GMC Hummer EV 3X not far behind at
381 miles.“
Moving
forward with its electrification model, in mid- August, Ford Motor Company (NYSE: F) and
EcoProBM announced an
investment of C$1.2 billion to build a cathode manufacturing facility that will
provide materials that ultimately supply batteries for Ford’s future electric
vehicles.
From the News: Once
production begins in the first half of 2026, the site will have the capacity to
produce up to 45,000 tonnes of CAM per year.This new facility, Ford’s first
investment in Québec, is part of the
automaker’s plan to localize key battery raw material processing in regions
where it produces EVs.
From the News: “Ford
has been serving customers in Canada for 119 years, longer than any other
automaker, and we’re excited to invest in this new facility to create a
vertically integrated, closed-loop battery manufacturing supply chain in North
America designed to help make electric vehicles more accessible for millions of
people over time,” said Bev Goodman, President and CEO, Ford of Canada.
From the News: “We’re
excited for the opportunity for our first-ever investment in Québec with a new
facility that will help shape the EV ecosystem there.”
From the News: EcoPro
CAM Canada LP will manufacture cathode active materials and, more precisely,
high quality Nickel Cobalt Manganese (NCM) for rechargeable batteries that are
targeting greater performance levels and improved EV range compared to existing
products, thanks in part to EcoPro’s core shell gradient (CSG) technology.
General
Motors (NYSE:
GM)
recently announced it is
betting on innovation for the future and is leading a $60 million Series B
financing round in Mitra Chem, a Silicon Valley-based, AI-enabled battery
materials innovator. The company’s AI-powered platform and advanced research
and development facility in Mountain View, California, will help accelerate
GM’s commercialization of affordable electric vehicle batteries.
From the news: GM and
Mitra Chem will develop advanced iron-based cathode active materials (CAM),
like lithium manganese iron phosphate (LMFP), to power affordable and
accessible EV batteries compatible with GM’s EV propulsion architecture, the Ultium
Platform. GM’s funding will help Mitra Chem to scale its current operations and
to expedite their novel battery materials formulation to market.
From the news: “This
is a strategic investment that will further help reinforce GM’s efforts in EV
batteries, accelerate our work on affordable battery chemistries like LMFP and
support our efforts to build a U.S.-focused battery supply chain,” said Gil
Golan, GM Vice President, Technology Acceleration and Commercialization. “GM is
accelerating larger investments in critical subdomains of battery technology,
like cell chemistry, components and advanced cell production processes. Mitra
Chem’s labs, methods and talent will fit well with our own R&D team’s
work.”
Stating
its renowned battery technology, Lucid Group, Inc. (NASDAQ:LCID) announced earlier
this year that it entered into a definitive agreement to establish a long-term
strategic technology partnership with Aston Martin to accelerate the iconic
British brand's high-performance electrification strategy and long-term growth.
From the news: Lucid
was selected by Aston Martin through a competitive process and will provide
advanced electric powertrain technologies, including its ultra-high performance
twin motor drive unit, renowned battery technology, and revolutionary
Wunderbox. The twin motor rear drive unit's prodigious power combines with
torque vectoring to extend the capabilities of the car beyond that achievable
with a passive all-wheel-drive system. These technically innovative electric
motors incorporate Lucid's microjet stator cooling and wave winding, new heat
exchanger technology and heightened coolant flow rate, as well as an
accompanying battery system that is likewise upgraded for higher power and more
precise thermal logic.
With
significant funding coming from governments and big automakers, the race for
battery innovation for the future of electrification of our planet will only
pick up speed. With numbers projected by research firms showing the EV battery market is projected to
achieve a market size of USD 194.8 Billion by 2032 growing at a CAGR of 16.9%
from 2023 to 2032, it’s a race worth watching for investors.
Investors
can research EV and battery stocks at Investorideas.com free stock directory
https://www.investorideas.com/Companies/RenewableEnergy/Stock_List.asp
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