Electric Vehicle Demand Could Grow 11-Fold Over the Next 15 Years
Global demand for electric vehicles will only accelerate. For one, countries around the world want millions of electric vehicles on the roads to help battle climate change. Two, “demand for electric vehicles is expected to grow 11-fold over the next 15 years through 2035 in a rapid shift to zero-emission mobility, eclipsing that of hybrids as soon as next year to become the largest segment among battery-powered automobiles, according to a market research firm,” as noted by Kyodo News. Three, President Biden recently issue an executive order aimed at making at least half of all new vehicles sold in 2030 electric, as noted by Reuters. All of which is creating a sizable catalyst for companies such as Tesla Inc. (NASDAQ:TSLA), Nio Inc. (NYSE:NIO), Li Auto Inc. (NASDAQ:LI), Ford Motor Company (NYSE:F), and EV battery company, NEO Battery Metals Ltd. (TSXV:NBM)(OTCQB:NBMFF).
In addition, according to Yahoo Finance, “With 29% of greenhouse gas emissions coming from the transportation sector, electrifying cars and fleets is crucial for the Biden administration's broader climate goal of reducing emissions to half of 2005 levels by 2030. And the private sector has also joined in on reducing emissions with EVs. Walmart, for example, set a target to electrify its entire fleet by 2040 while others like Amazon and UPS have taken similar steps by placing orders for tens of thousands of commercial battery-electric vehicles.”
NEO Battery Materials Present Breakthrough Cycling Performance with Metallurgical-Grade Silicon Microparticle Anodes on All-Solid-State Electrolyte Batteries
NEO Battery Materials Ltd. (TSXV:NBM)(OTCQB:NBMFF) just announced that NEO’s metallurgical-grade silicon (Si) microparticle anode materials have achieved exceptional stability and breakthrough cycling performance with an all-solid-state electrolyte compared to the cells of conventional liquid electrolytes.
NEO’s low-cost, metallurgical-grade silicon particles of micron-size were able to sustain its original specific capacity of 3000 mAh/g without major capacity loss or performance degradation in the cell. A sulfide-based solid-state electrolyte, argyrodite, was utilized with a 100% loading of NEO’s silicon microparticle anode materials. The battery test was conducted and validated by a South Korean third-party laboratory.
The Need to Shift from Silicon Nanoparticles to Microparticles
Metallurgical-grade silicon microparticles are the most promising candidate for next-generation silicon anode materials in electric vehicle and energy storage applications due to the cost-savings that can effectively drive down battery costs (in dollars-per-kilowatt-hour). On average, the microparticles are 8 to 10 times less expensive than the same nanoparticles. However, its poor performance from the volume expansion issue stands as a substantial hurdle for commercialization.
“NEO, hence, is focusing on the performance improvement of metallurgical-grade silicon microparticles through the Company’s proprietary nanocoating technology. Implementing silicon microparticles into the anode material will be a complete game-changer for the lithium-ion battery industry. As released previously, NEO enabled a 6-minute ultra-fast charging with the microparticles, and today, we are more than excited to announce that the low-cost Si anode made by NEO’s modification can exhibit substantial cycling performance in argyrodite-based all solid-state electrolytes,” commented Dr. J. H. Park, Director and Chief Scientific Advisor of NEO.
Recent Development of Lithium Argyrodite Solid-State Electrolytes for Solid-State Batteries
Solid electrolytes play a key role to enable superior safety reliability and high performance for all-solid-state lithium batteries. Among the diverse selection of solid electrolytes, argyrodites represent a relatively new and promising class of sulfide-based lithium-ion superconductors due to their high ionic conductivity at room temperature, low-cost and good compatibility with lithium (Li). Li argyrodite solid-state electrolytes are a vital component to develop high-performance all-solid-state batteries, and numerous players in the battery supply chain are attempting to commercialize this product.
Mr. Spencer Huh, President and CEO of NEO, added, “The first phase of NEO’s silicon anode materials will be applicable for general liquid-type conventional lithium-ion batteries for EVs, but our unique nanocoating solution for the production of low-cost and high-performance Si anodes will concurrently accelerate the commercialization timeline of all-solid-state batteries. Under the NDAs with established and reputable solid-state battery developers, NEO will continue to expand our collaboration through moving forward with the testing of NEO’s micron-sized silicon anodes, and we expect to enter the battery supply chain through diversified routes. Additionally, with the semi-commercial facility, the mass production of NEO’s silicon anodes is approaching near.”
Other related developments from around the markets include:
Tesla Inc. released its financial results for the second quarter of 2021 by posting an update on its Investor Relations website. Please visit https://ir.tesla.com to view the update.
Nio Inc., a pioneer and a leading company in the premium smart electric vehicle market in China, announced its August 2021 delivery results. NIO delivered 5,880 vehicles in August 2021, representing a 48.3% year-over-year growth. While the Company’s new order reached an all-time high in August driven by the increasing demand, the vehicle production, especially the manufacturing of the ES6 and EC6, was materially disrupted by supply chain constraints resulting from the COVID-19 pandemic in certain areas in China and Malaysia. The deliveries consisted of 1,738 ES8s, the Company’s six-seater or seven-seater flagship premium smart electric SUV, 2,342 ES6s, the Company’s five-seater high-performance premium smart electric SUV, and 1,800 EC6s, the Company’s five-seater premium smart electric coupe SUV. As of August 31, 2021, cumulative deliveries of the ES8, ES6 and EC6 reached 131,408 vehicles.
Li Auto Inc., an innovator in China’s new energy vehicle market, announced that the Company delivered 9,433 Li ONEs in August 2021, increasing 248.0% year over year and 9.8% month over month, breaking the Company’s monthly delivery record again. Total deliveries in the first eight months of 2021 and cumulative deliveries of Li ONEs reached 48,176 and 81,773 respectively. As of August 31, 2021, the Company had 114 retail stores in 69 cities, as well as 194 servicing centers and Li Auto-authorized body and paint shops operating in 143 cities.
Ford Motor Company has a new chief digital and information officer, Mike Amend, who will help focus the company use of data, software and technology to drive growth and create value for customers and other stakeholders – objectives which are central to the Ford+ strategy. Amend, 43, was president, Online, at Lowe’s for the past three years. He starts with Ford today and reports to President and CEO Jim Farley. “Mike adds dimension to our team as we use technology and software to transform our company and transportation from the inside-out,” said Farley. “Ford has always been an innovator in vehicles; now we’re taking our digital capabilities to new levels to further differentiate ourselves with customers and from competitors.”
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