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EV's are Here, Almost; Growth in the EV Market Creates New Challenges and Opportunities
5-Minute Ultra-Fast Charging Capability Achieved by NEO's Silicon Anode Technology Point Robe...
About this update from Neo Battery Materials Ltd
[{"type":"text","content":"EV's are Here, Almost; Growth in the EV Market Creates New Challenges and Opportunities5-Minute Ultra-Fast Charging Capability Achieved by NEO's Silicon Anode TechnologyPoint 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.Read the full EV stock article on Investorideas.com https://www.investorideas.com/News/2021/renewable-energy/06090EV-Market.aspThe 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 u...