5-Minute Ultra-Fast Charging Capability Achieved by NEO's Silicon Anode Technology
Point Roberts, Washington and Delta, British Columbia--(Newsfile Corp. - 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) (OTC: NBMFF), a company that intends to become a silicon anode materials supplier to the electric vehicle industry.
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https://www.investorideas.com/News/2021/renewable-energy/06090EV-Market.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) (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. 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 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, 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) (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.
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