Business
The Battery Battle - Can Battery Manufacturers Keep Up With Automaker Demands?
Point Roberts, Washington and Delta, British Columbia--(Newsfile Corp. - August 23, 2021) - I...
About this update from Neo Battery Materials Ltd
[{"type":"text","content":"The Battery Battle - Can Battery Manufacturers Keep Up With Automaker Demands?Point Roberts, Washington and Delta, British Columbia--(Newsfile Corp. - August 23, 2021) - Investorideas.com, a leading investor news resource covering battery and energy stocks releases a sector snapshot on the growth and advancement within the battery sector, featuring NEO Battery Materials Ltd. (TSXV: NBM) (OTC Pink: NBMFF), a Vancouver-based resource company focused on battery metals and materials. The Company intends to become an integrated silicon producer and anode materials supplier to the electric vehicle industry.Read the full article on Investorideas.com https://www.investorideas.com/News/2021/renewable-energy/08230Battery.aspAs the demand for better and more efficient batteries continues to grow, we are seeing a real need for innovation which comes with risks as automakers race to get more vehicles onto the market as soon as possible. A recent CNBC article said, \"Automakers are spending billions of dollars to transition to cleaner and greener battery-powered vehicles, but the new technology has come with an even steeper cost: Reputation-damaging vehicle fires, recalls, sudden power loss and problems getting some of the cars started.\"\"Anytime you go into a new area of technology, there's more to be learned than there is that you know,\" Doug Betts, President of J.D. Power's automotive division told CNBC. \"There are risks, and there are things to be learned.\" The learning curve with batteries is steep for traditional automakers, and battery technology remains challenging even for Tesla, which has faced similar issues.Silicon anodes are recognized as the most promising material to improve the specific capacity, or the run-time, of the battery as it may store up to 10 times more lithium-ions than traditional graphite anode materials. However, the natural volume expansion problem of silicon is hindering the widespread adoption. The industry is hence accelerating the development of high-performance silicon anodes that can be scaled through low-cost production. NEO Battery Materials Ltd. (TSXV: NBM) (OTC Pink: NBMFF) may have a solution to some of these battery and silicon issues, having announced that the first prototype of silicon (Si) anode active materials has been successfully produced, and samples have been sent to NDA partners for ful...