New Battery Technology Could Make EVs Cheaper and Faster to Produce

 

Companies in UK and the US are racing to find new breakthroughs in electrochemistry that don’t rely on China’s resources to create battery technology. As China currently holds 75% of the world’s cobalt refining capacity and 59% of its lithium processing capacity, new methods leveraging sulphur and sodium could make batteries significantly cheaper and easier to produce.

Richard Doty, Investment Analyst at Gaintech Capital, says that this competition is good for the market and will only benefit the consumer if advancements in battery technology are made.

Richard’s Thoughts

“One of the reasons we at GAINTECH love the battery technology space is that there’s a diversity in chemistries and we think that that’s going to lead to some great competition and actually help to avoid some of the issues around resource hoarding that we encounter with countries like China.

Another really great possibility that could come out of this for the world is that we could foresee in the future the development of regional chemistries that exist solely based on available materials that are more abundant in one area or another, which is not something that you would find with oil and gas. So in that case, you might find a chemistry that’s more prevalent in Southeast Asia versus one that’s in North America and it serves those areas and regions very well. And it runs their cars, runs their infrastructure, and really helps power the future. And that’s why we are all in around electrification and why we love the space so much.”

Follow us on social media for the latest updates in B2B!

Image

Latest

next chapter
Keith Elias: Pro Sports Retirement Doesn’t Have to Be a Fumble. NFL’s Support Systems Ease Transition to Next Chapter
March 28, 2024

The spotlight is shifting, we’re not just cheering on professional athletes during their prime, but also wondering what happens when the final whistle blows as they move from the peaks of their careers into the next chapter of their lives. The conversation turns to the challenges they face outside the sporting arena and the […]

Read More
Shaping the Future of Warehouses: Key Takeaways from MODEX 2024
Shaping the Future of Warehouses: Key Takeaways from MODEX 2024
March 28, 2024

As the logistics and material handling sectors pivot towards recovery and innovation, MODEX 2024 emerges as the crucible of transformation. With an attendance spike reminiscent of pre-pandemic vigor—up by 30%—the event has become the epicenter of technological showcases, signaling a new chapter for industry efficiencies. The stakes? A competitive edge in an industry where, […]

Read More
IWCE 2024
Icom Hits Orlando for the International Wireless Communications Expo (IWCE 2024)
March 28, 2024

Icom America’s Jon Paul Beauchamp was in Orlando, Florida for IWCE 24, the International Wireless Communications Expo. Beauchamp sent greetings from Icom’s Booth, #805. Catch all of the highlights at Icom America.

Read More
security communication solutions
Game-Changing Security Communication Solutions On Display at IWCE
March 28, 2024

One of the spotlights at this year’s IWCE event in Orlando, Florida were the security communication solutions which make a significant different in sensitive environments like public schools. How can dealers successfully navigate partnerships with agencies to enhance their security measures? Jon Paul Beauchamp of Icom America caught up with Paul Toth, the Owner […]

Read More