Latest news with #NEOBatteryMaterialsLtd
Yahoo
20-05-2025
- Business
- Yahoo
NEO Battery Materials to Participate in Ladenburg Thalmann Innovation EXPO2025 on May 21, 2025
TORONTO, ONTARIO - May 20, 2025 (NEWMEDIAWIRE) - NEO Battery Materials Ltd. ("NEO" or the "Company") (TSXV: NBM) (OTC: NBMFF), a low-cost silicon anode materials developer that enables longer-running, rapid-charging lithium-ion batteries, is pleased to announce the participation in the Ladenburg Thalmann Innovation EXPO2025, to be held on May 21, 2025, at Convene, 101 Park Avenue, New York, NY. The Ladenburg Thalmann Innovation EXPO25 is a premier event bringing together a diverse group of innovative companies and institutional investors for a full day of presentations, one-on-one meetings, and networking opportunities. The conference will feature approximately 50 technology companies that leverage and support the artificial intelligence ecosystem with proprietary innovations. Participating companies will present their business strategies and innovations through three dedicated presentation tracks and demonstrate their products live in the "Ladenburg Expo Format." Organized by Ladenburg Thalmann with marketing support from B2i Digital, Inc., the EXPO25 provides a unique platform for companies to engage directly with institutional and high-net-worth investors, public company executives, and industry professionals. "As one of the only TSXV-listed companies participating at the Ladenburg Innovation EXPO25, we look forward to expanding NEO's presence in the U.S. investment community. The EXPO25 serves as an effective platform to highlight recent advancements and engage with institutional and high-net-worth individuals through constructive dialogue," said Spencer Huh, President & CEO of NEO. "Ladenburg Thalmann is committed to building valuable connections between innovative companies and discerning investors," said Mark Green, Managing Director, Investment Banking at Ladenburg Thalmann. "As the Marketing Partner, B2i Digital is focused on helping companies participating in the Ladenburg EXPO25 maximize their exposure to the investment community before, during and after the event," said David Shapiro, CEO of B2i Digital, Inc. "Ladenburg Thalmann has carefully curated the presenting companies to include only industry leaders in the technology and AI space. Our investors will value the insights they share." For more information about the Ladenburg Thalmann Innovation EXPO25, visit: About NEO Battery Materials Ltd. NEO Battery Materials is a Canadian battery materials technology company focused on developing silicon anode materials for lithium-ion batteries in electric vehicles, electronics, and energy storage systems. With a patent-protected, low-cost manufacturing process, NEO Battery enables longer-running and ultra-fast charging batteries compared to existing state-of-the-art technologies. The Company aims to be a globally-leading producer of silicon anode materials for the electric vehicle and energy storage industries. For more information, please visit the Company's website at: About Ladenburg Thalmann Ladenburg Thalmann is a U.S. middle market diversified financial services firm headquartered in New York and engaged in investment banking, focusing on fundraising, buyside & sellside M&A, high-yield debt, and private equity access for public and private companies. The firm also provides equity research, institutional sales and trading, independent brokerage, advisory services, trust services, and asset management. Together with its parent, Osaic, Ladenburg Thalmann has over 12,000 financial advisors in the US, managing over $650 billion in client assets. Ladenburg is a member of NYSE, NYSE American, FINRA, all other principal exchanges, and SIPC. Securities are offered through Ladenburg Thalmann & Co. Inc. broker-dealer, and advisory services are offered through Ladenburg Thalmann Asset Management ("LTAM"), an SEC-registered investment advisor. Ladenburg Thalmann Contact:Mark Greenmgreen@ About B2i Digital, Inc. B2i Digital, Inc. leverages the latest digital marketing technologies to tell a company's story to retail investors, institutional investors, and research analysts. B2i Digital creates robust profiles for companies on its platform, and launches targeted digital marketing campaigns to bring the most relevant investors to each company based on its sector, stage, and overall company story. B2i Digital was founded in 2021 by David Shapiro, previously the Chief Marketing Officer and an investment banker at Maxim Group LLC. David was also one of the founders of Maxim's investor awareness platform, B2i Digital Contact Information:David ShapiroChief Executive OfficerB2i Digital, Officedavid@ On Behalf of the Board of Directors Spencer HuhDirector, President, and CEO For Investor Relations, PR & More Information: info@ +1 (437) 451-7678 This news release includes certain forward-looking statements as well as management's objectives, strategies, beliefs and intentions. All information contained herein that is not clearly historical in nature may constitute forward-looking information. Generally, such forward-looking information can be identified notably by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: volatile stock prices; the general global markets and economic conditions; the possibility of write-downs and impairments; the risk associated with the research and development of advanced and battery-related technologies; the risk associated with the effectiveness and feasibility of technologies that have not yet been tested or proven on commercial scale; manufacturing process scale-up risks, including maintaining consistent material quality, production yields, and process reproducibility at a commercial scale; compatibility issues with existing battery chemistries and unforeseen the risks associated with entering into and maintaining collaborations, joint ventures, or partnerships with battery cell manufacturers, original equipment manufacturers, and various companies in the global battery supply chain; the risks associated with the construction, completion, and financing of commercial facilities including the Windsor and South Korean facilities; the risks associated with supply chain disruptions or cost fluctuations in raw materials, processing chemicals, and additive prices, impacting production costs and commercial viability; the risks associated with uninsurable risks arising during the course of research, development and production; competition faced by the Company in securing experienced personnel and financing; access to adequate infrastructure and resources to support battery materials research and development activities; the risks associated with changes in the technology regulatory regime governing the Company; the risks associated with the timely execution of the Company's strategies and business plans; the risks associated with the lithium-ion battery industry's demand and adoption of the Company's silicon anode technology; market adoption and integration challenges, including the difficulty of incorporating silicon anodes within battery manufacturers and OEMs systems; the risks associated with the various environmental and political regulations the Company is subject to; risks related to regulatory and permitting delays; the reliance on key personnel; liquidity risks; the risk of litigation; risk management; and other risk factors as identified in the Company's recent Financial Statements and MD&A and in recent securities filings for the Company which are available on Forward-looking information is based on assumptions management believes to be reasonable at the time such statements are made, including but not limited to, continued R&D and commercialization activities, no material adverse change in precursor prices, development and commercialization plans to proceed in accordance with plans and such plans to achieve their stated expected outcomes, receipt of required regulatory approvals, and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such forward-looking information. Such forward-looking information has been provided for the purpose of assisting investors in understanding the Company's business, operations, research and development, and commercialization plans and may not be appropriate for other purposes. Accordingly, readers should not place undue reliance on forward-looking information. Forward-looking information is made as of the date of this presentation, and the Company does not undertake to update such forward-looking information except in accordance with applicable securities laws. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of theTSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. View the original release on Sign in to access your portfolio
Yahoo
05-05-2025
- Business
- Yahoo
NEO Battery Materials Appoints Dr. Matthew Dawson, CEO of Elementium Materials, as Senior Scientific Advisor
TORONTO, May 02, 2025 (GLOBE NEWSWIRE) -- NEO Battery Materials Ltd. ('NEO' or the 'Company') (TSXV: NBM) (OTC: NBMFF), a low-cost silicon anode materials developer that enables longer-running, rapid-charging lithium-ion batteries, is pleased to announce the appointment of Dr. Matthew Dawson, Founder and Chief Executive Officer of Elementium Materials Inc., to the Company's Scientific Advisory Board. Earning his Ph.D. in Mechanical Engineering from the Massachusetts Institute of Technology (MIT), Dr. Dawson is a seasoned global executive, technology founder, and investor with nearly two decades of experience in developing and commercializing next-generation energy transition technologies. Across his professional career, he has served as CEO, CTO, and Investment Director at emerging technology companies and has founded several successful startup ventures, raising over one hundred million dollars from Fortune 500 companies and world-leading private equity firms. Currently, Dr. Dawson leads Elementium Materials – a leading battery materials company developing a proprietary non-carbonate electrolyte technology that are engineered to deliver high-performance, safety, and stability to lithium-ion batteries. Previously, he has founded Utility Global, developing the world's first electricity-free electrolyzer for clean hydrogen production. He has also served in key research positions at ExxonMobil, Chevron, and Equinor. As a Senior Scientific Advisor, Dr. Dawson will offer strategic technology and commercialization insights, accelerating the deployment or go-to-market of NEO's silicon anode materials. Moreover, for the Company's growth trajectory, he will actively support through his vast domain and connections with globally-leading companies and private capital. Dr. Dawson commented, 'It's an honor to be appointed to NEO's Scientific Advisory Board. I look forward to contributing to NEO's mission of advancing their silicon anode technology. NEO's innovative approach to enabling low-cost, long-lasting, fast-charging batteries is poised to disrupt the energy industry.' Correction Notice: In the press release dated April 25, 2025, there was an immaterial typographical error regarding the expiry date of incentive stock options issued to Mr. Kenneth Hoffman. The correct expiry date is April 25, 2030, rather than April 25, 2025, as previously indicated. This correction does not affect any other details of the previously announced information. NEO Battery Materials is a Canadian battery materials technology company focused on developing silicon anode materials for lithium-ion batteries in electric vehicles, electronics, and energy storage systems. With a patent-protected, low-cost manufacturing process, NEO Battery enables longer-running and ultra-fast charging batteries compared to existing state-of-the-art technologies. The Company aims to be a globally-leading producer of silicon anode materials for the electric vehicle and energy storage industries. For more information, please visit the Company's website at: On Behalf of the Board of DirectorsSpencer HuhDirector, President, and CEO For Investor Relations, PR & More Information:info@ +1 (437) 451-7678 This news release includes certain forward-looking statements as well as management's objectives, strategies, beliefs and intentions. All information contained herein that is not clearly historical in nature may constitute forward-looking information. Generally, such forward-looking information can be identified notably by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: volatile stock prices; the general global markets and economic conditions; the possibility of write-downs and impairments; the risk associated with the research and development of advanced and battery-related technologies; the risk associated with the effectiveness and feasibility of technologies that have not yet been tested or proven on commercial scale; manufacturing process scale-up risks, including maintaining consistent material quality, production yields, and process reproducibility at a commercial scale; compatibility issues with existing battery chemistries and unforeseen the risks associated with entering into and maintaining collaborations, joint ventures, or partnerships with battery cell manufacturers, original equipment manufacturers, and various companies in the global battery supply chain; the risks associated with the construction, completion, and financing of commercial facilities including the Windsor and South Korean facilities; the risks associated with supply chain disruptions or cost fluctuations in raw materials, processing chemicals, and additive prices, impacting production costs and commercial viability; the risks associated with uninsurable risks arising during the course of research, development and production; competition faced by the Company in securing experienced personnel and financing; access to adequate infrastructure and resources to support battery materials research and development activities; the risks associated with changes in the technology regulatory regime governing the Company; the risks associated with the timely execution of the Company's strategies and business plans; the risks associated with the lithium-ion battery industry's demand and adoption of the Company's silicon anode technology; market adoption and integration challenges, including the difficulty of incorporating silicon anodes within battery manufacturers and OEMs systems; the risks associated with the various environmental and political regulations the Company is subject to; risks related to regulatory and permitting delays; the reliance on key personnel; liquidity risks; the risk of litigation; risk management; and other risk factors as identified in the Company's recent Financial Statements and MD&A and in recent securities filings for the Company which are available on Forward-looking information is based on assumptions management believes to be reasonable at the time such statements are made, including but not limited to, continued R&D and commercialization activities, no material adverse change in precursor prices, development and commercialization plans to proceed in accordance with plans and such plans to achieve their stated expected outcomes, receipt of required regulatory approvals, and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such forward-looking information. Such forward-looking information has been provided for the purpose of assisting investors in understanding the Company's business, operations, research and development, and commercialization plans and may not be appropriate for other purposes. Accordingly, readers should not place undue reliance on forward-looking information. Forward-looking information is made as of the date of this presentation, and the Company does not undertake to update such forward-looking information except in accordance with applicable securities laws. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this in to access your portfolio
Hamilton Spectator
02-05-2025
- Business
- Hamilton Spectator
NEO Battery Materials Appoints Dr. Matthew Dawson, CEO of Elementium Materials, as Senior Scientific Advisor
TORONTO, May 02, 2025 (GLOBE NEWSWIRE) — NEO Battery Materials Ltd. ('NEO' or the 'Company') (TSXV: NBM) (OTC: NBMFF), a low-cost silicon anode materials developer that enables longer-running, rapid-charging lithium-ion batteries, is pleased to announce the appointment of Dr. Matthew Dawson, Founder and Chief Executive Officer of Elementium Materials Inc., to the Company's Scientific Advisory Board. Earning his Ph.D. in Mechanical Engineering from the Massachusetts Institute of Technology (MIT), Dr. Dawson is a seasoned global executive, technology founder, and investor with nearly two decades of experience in developing and commercializing next-generation energy transition technologies. Across his professional career, he has served as CEO, CTO, and Investment Director at emerging technology companies and has founded several successful startup ventures, raising over one hundred million dollars from Fortune 500 companies and world-leading private equity firms. Currently, Dr. Dawson leads Elementium Materials – a leading battery materials company developing a proprietary non-carbonate electrolyte technology that are engineered to deliver high-performance, safety, and stability to lithium-ion batteries. Previously, he has founded Utility Global, developing the world's first electricity-free electrolyzer for clean hydrogen production. He has also served in key research positions at ExxonMobil, Chevron, and Equinor. As a Senior Scientific Advisor, Dr. Dawson will offer strategic technology and commercialization insights, accelerating the deployment or go-to-market of NEO's silicon anode materials. Moreover, for the Company's growth trajectory, he will actively support through his vast domain and connections with globally-leading companies and private capital. Dr. Dawson commented, ' It's an honor to be appointed to NEO's Scientific Advisory Board. I look forward to contributing to NEO's mission of advancing their silicon anode technology. NEO's innovative approach to enabling low-cost, long-lasting, fast-charging batteries is poised to disrupt the energy industry. ' Correction Notice: In the press release dated April 25, 2025, there was an immaterial typographical error regarding the expiry date of incentive stock options issued to Mr. Kenneth Hoffman. The correct expiry date is April 25, 2030, rather than April 25, 2025, as previously indicated. This correction does not affect any other details of the previously announced information. About NEO Battery Materials Ltd. NEO Battery Materials is a Canadian battery materials technology company focused on developing silicon anode materials for lithium-ion batteries in electric vehicles, electronics, and energy storage systems. With a patent-protected, low-cost manufacturing process, NEO Battery enables longer-running and ultra-fast charging batteries compared to existing state-of-the-art technologies. The Company aims to be a globally-leading producer of silicon anode materials for the electric vehicle and energy storage industries. For more information, please visit the Company's website at: . On Behalf of the Board of Directors Spencer Huh Director, President, and CEO For Investor Relations, PR & More Information: info@ T: +1 (437) 451-7678 This news release includes certain forward-looking statements as well as management's objectives, strategies, beliefs and intentions. All information contained herein that is not clearly historical in nature may constitute forward-looking information. Generally, such forward-looking information can be identified notably by the use of forward-looking terminology such as 'plans', 'expects' or 'does not expect', 'is expected', 'budget', 'scheduled', 'estimates', 'forecasts', 'intends', 'anticipates' or 'does not anticipate', or 'believes', or variations of such words and phrases or state that certain actions, events or results 'may', 'could', 'would', 'might' or 'will be taken', 'occur' or 'be achieved'. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: volatile stock prices; the general global markets and economic conditions; the possibility of write-downs and impairments; the risk associated with the research and development of advanced and battery-related technologies; the risk associated with the effectiveness and feasibility of technologies that have not yet been tested or proven on commercial scale; manufacturing process scale-up risks, including maintaining consistent material quality, production yields, and process reproducibility at a commercial scale; compatibility issues with existing battery chemistries and unforeseen the risks associated with entering into and maintaining collaborations, joint ventures, or partnerships with battery cell manufacturers, original equipment manufacturers, and various companies in the global battery supply chain; the risks associated with the construction, completion, and financing of commercial facilities including the Windsor and South Korean facilities; the risks associated with supply chain disruptions or cost fluctuations in raw materials, processing chemicals, and additive prices, impacting production costs and commercial viability; the risks associated with uninsurable risks arising during the course of research, development and production; competition faced by the Company in securing experienced personnel and financing; access to adequate infrastructure and resources to support battery materials research and development activities; the risks associated with changes in the technology regulatory regime governing the Company; the risks associated with the timely execution of the Company's strategies and business plans; the risks associated with the lithium-ion battery industry's demand and adoption of the Company's silicon anode technology; market adoption and integration challenges, including the difficulty of incorporating silicon anodes within battery manufacturers and OEMs systems; the risks associated with the various environmental and political regulations the Company is subject to; risks related to regulatory and permitting delays; the reliance on key personnel; liquidity risks; the risk of litigation; risk management; and other risk factors as identified in the Company's recent Financial Statements and MD&A and in recent securities filings for the Company which are available on . Forward-looking information is based on assumptions management believes to be reasonable at the time such statements are made, including but not limited to, continued R&D and commercialization activities, no material adverse change in precursor prices, development and commercialization plans to proceed in accordance with plans and such plans to achieve their stated expected outcomes, receipt of required regulatory approvals, and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such forward-looking information. Such forward-looking information has been provided for the purpose of assisting investors in understanding the Company's business, operations, research and development, and commercialization plans and may not be appropriate for other purposes. Accordingly, readers should not place undue reliance on forward-looking information. Forward-looking information is made as of the date of this presentation, and the Company does not undertake to update such forward-looking information except in accordance with applicable securities laws. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Yahoo
13-02-2025
- Automotive
- Yahoo
Driving Ahead With The EV Battery Story
Vancouver, Kelowna, and Delta, British Columbia--(Newsfile Corp. - February 13, 2025) - a global investor news source covering EV and battery stocks releases a snapshot looking at news and developments in the race for the battery market for EV's, featuring NEO Battery Materials Ltd. (TSXV: NBM) (OTC Pink: NBMFF), a low-cost silicon anode materials developer that enables longer-running, rapid-charging lithium-ion batteries. Read the full article on Despite the current bump in the road from President Trump's narrative on EV's in the US, the EV market continues to show big growth prospects. The global Electric vehicle (EV) market size is estimated to grow by USD 446.4 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of 16.4% during the forecast period. The Silicon Anode Market, an integral component for batteries, is projected to grow from 946 Million USD in 2024 to 28.7 Billion USD in 2032, representing a CAGR of 54%, according to South Korean financial institution, Hana Securities. The silicon anode and electric vehicle (EV) battery market are set for significant growth, driven by increasing EV adoption, advancements in battery technologies and supportive government policies. The growth story continues for NEO Battery Materials Ltd. (TSXV: NBM) (OTC Pink: NBMFF) as they advance towards commercial production. This week, NEO announced its collaboration with Milwaukee, Wisconsin-based Rockwell Automation Inc. (NYSE: ROK), the world's largest company dedicated to industrial automation and digital transformation. Through this collaboration, NEO aims to integrate advanced automation solutions that will improve production efficiency, quality control and scalability at NEO's planned silicon anode manufacturing facility in Windsor, Ontario. With NEO Battery's development of its silicon anode technology, Rockwell Automation intends to aid the Company achieving operational readiness for large-scale, commercial production. By implementing Rockwell's advanced automation and digitalization solutions, NEO will streamline its manufacturing capabilities, optimize resource use, and support a more robust, cost-effective production process. Digital tools will also enable real-time monitoring and data-driven insights, supporting enhanced decision-making and reducing leadtime to workflows. "We are excited to grow the auto and EV battery category in our industry," said Brian Holte, Regional Vice President, North America, of Sales Strategy and Transformation at Rockwell Automation. "Supporting NEO's growth is a strategic imperative for us as we continue to establish our products and solutions to scale the company's output with higher efficiencies and ultimately growth to both company's bottom lines." As NEO Battery Materials commercializes its facilities in Windsor, the Company envisions expanding operations in the United States to pursue silicon anode manufacturing activities and value-added projects. Rockwell Automation will be engaged to help launch further facilities, such as in Ohio, in the future. "Teaming up with Rockwell Automation was a strategic step to help us scale our battery materials commercialization and production," said Spencer Huh, President and CEO of NEO Battery Materials. "The value proposition provided by utilizing solutions from Rockwell will help grow and streamline production, delivering the highest quality products to our customers." Rockwell Automation, Inc. is a global leader in industrial automation and digital transformation. We connect the imaginations of people with the potential of technology to expand what is humanly possible, making the world more productive and more sustainable. Headquartered in Milwaukee, Wisconsin, Rockwell Automation employs approximately 27,000 problem solvers dedicated to our customers in more than 100 countries. To learn more about how we are bringing the Connected Enterprise® to life across industrial enterprises, visit On February 6th, NEO announced the production scale-up to 20 tons per year to accommodate the increasing demand for NEO's high-performance silicon anode products and to initiate mass-producibility testing to prepare factory-level production. MarketsandMarkets reports, "The anode is responsible for storing lithium ions during charging and releasing them during discharge, making its energy density a key factor in determining the overall energy capacity of the battery. Innovations in anode materials, such as silicon-carbon composites and nanocomposite tin/carbon/cobalt alloys, are enhancing energy storage capabilities and cycle life, which are essential for meeting consumer expectations for longer driving ranges and faster charging times." According to an article in "Lucid Group's innovation is anchored in its groundbreaking EV battery technology which offers extended range and quick charging capabilities. This has positioned the company as a leader in the quest for next-generation vehicles. With the push for sustainability and the global transition to green energy, EV tech innovations are pivotal. Lucid is not just capitalizing on this trend but is setting benchmarks with its superior battery efficiency and design." In a review and rating of EV battery stocks at Insider Monkey, "Tesla is involved in the EV battery business throughout multiple areas – from in-house battery production to raw material sourcing, recycling and energy storage solutions. The company's vertical integration goes over and above manufacturing, and includes R&D, allowing it to maintain a competitive advantage. Its intangible assets and cost advantage are expected to act as key competitive advantages. Tesla, Inc. is facing constraints in battery production and it continues to actively work to increase total gigawatt hours of battery production in 2025." Continued: "The outlook for the company's battery business is optimistic, courtesy of its focus on innovation, production scaling, and expanding demand for EVs and energy storage solutions." An article this week on Rivian Automotive, Inc. at Mi Valle showcases how battery innovation could be a game changer for this EV company, highlighting - "Rivian Automotive is poised for a technological revolution with a potential breakthrough in battery company plans to introduce a proprietary solid-state battery, advancing beyond lithium-ion new battery type promises increased energy density, addressing range anxiety with longer ranges and faster batteries also offer enhanced safety, reducing risks of overheating and integration of this technology could secure Rivian a larger market share and drive global EV watchers consider Rivian's innovation a potential catalyst for a new era of electric vehicle development." Solid Power, Inc., is developing solid-state battery technology to enable the next generation of batteries for the fast-growing EV and other markets. Solid Power's core technology is its electrolyte material, which Solid Power believes can enable extended driving range, longer battery life, improved safety, and lower cost compared to traditional lithium-ion. Solid Power's business model – selling its electrolyte to cell manufacturers and licensing its cell designs and manufacturing processes – distinguishes the company from many of its competitors who plan to be commercial battery manufacturers. Breaking news in the EV battery sector reported by Reuters and other major news outlets says, "Chinese battery giant CATL has started the process to list in Hong Kong by lodging its filings with regulators in a deal that is expected to raise at least $5 billion, according to two sources with direct knowledge of the matter." Continued: "The biggest battery maker in the world filed an application to list on the Hong Kong Stock Exchange on Tuesday, saying part of the funds raised will be used to build its 7.3 billion-euro ($7.53 billion) battery plant in Hungary." This new listing shows the EV battery race is still one for investors to watch. Investors can research more battery metals and mining stocks at Research EV stocks at About is the go-to platform for big investing ideas. From breaking stock news to top-rated investing podcasts, we cover it all. Our original branded content includes podcasts such as Exploring Mining, Cleantech, Crypto Corner, Cannabis News, and the AI Eye. We also create free investor stock directories for sectors including mining, crypto, renewable energy, gaming, biotech, tech, sports and more. Disclaimer/Disclosure: This article featuring NEO Battery Materials a paid for service on as a featured mining stock. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. More disclaimer info: Learn more about publishing your news release and our other news services on the newswire Global investors must adhere to regulations of each country. privacy policy: Follow us on X @investorideas @ExploringminingFollow us on Facebook us on YouTube Contact 800-665-0411 To view the source version of this press release, please visit Sign in to access your portfolio
Yahoo
27-01-2025
- Automotive
- Yahoo
Ramping up for Future Growth in the EV Market - Batteries Play a Key Role
Vancouver, Kelowna, and Delta, British Columbia--(Newsfile Corp. - January 27, 2025) - a global investor news source covering EV and battery stocks releases a snapshot looking at the recent news and milestones in the EV and battery markets featuring NEO Battery Materials Ltd. (TSXV: NBM) (OTC Pink: NBMFF), a low-cost silicon anode materials developer that enables longer-running, rapid-charging lithium-ion batteries. NEO just made headline news announcing Canada's First Silicon Anode Facility. Read full article on According to Grandview Research, "The global silicon anode battery market size was estimated at USD 279.29 million in 2023 and is expected to grow at a CAGR of 47.1% from 2024 to 2030. The market is experiencing significant growth, driven by the increasing demand for high-energy density batteries across industries such as consumer electronics, automotive, and renewable energy is a primary driver, as silicon anode batteries provide superior energy storage capabilities compared to traditional lithium-ion batteries." NEO Battery Materials Ltd. (TSXV: NBM) (OTC Pink: NBMFF) just announced it entered into a definitive lease agreement on December 20, 2024, with the City of Windsor, Ontario, securing 8 acres of surplus lands at Windsor Airport. This significant milestone marks a critical step toward establishing Canada's first advanced silicon anode manufacturing facility, further solidifying NEO's role in strengthening the Canadian battery value chain. From the news: Located in one of Canada's key automotive and battery hubs, NEO will lease 8 acres or 350,000 square feet to construct a commercial plant capable of producing 5,000 tons of silicon anodes annually. Initially planning to invest CAD 69 million, NEO expects to invest approximately CAD 120 million in total over the next 8 years for future expansion of the Windsor facility and value-added projects. The investment is expected to create over 100 skilled jobs when fully operational. NEO's facility is expected to play a pivotal role in reducing reliance on imported materials and enhancing the resilience of the burgeoning battery supply chain in Ontario and across North America. Continued: With an initial term of 49 years, the Agreement includes tax incentives and favourable lease terms compared to market rates, reflecting Windsor's commitment to fostering economic growth and innovation in battery technology. Through a Community Improvement Plan, Windsor City Council has approved, in principle, a grant for NEO Battery Materials to support their establishment and operations. NEO's decision to establish its first North American manufacturing facility in Windsor underscores the Company's confidence in the region's infrastructure, workforce, and business-friendly environment. Mr. Drew Dilkens, Mayor of the City of Windsor and Board Chair of Invest WindsorEssex, commented, "Today's announcement is a testament to Windsor's strategic location, skilled workforce, and leadership in the automotive and EV industries. NEO Battery Materials' decision to invest in our city highlights our ability to attract forward-thinking companies that drive innovation and create opportunities for our community. As the Automotive and Automobility Capital of Canada, and one of the most important communities to watch in the province and country, we are excited to welcome NEO to Windsor and look forward to the positive impacts, including job creation, this investment will bring to our region." Mr. Joe Goncalves, Vice President of Investment Attraction & Strategic Initiatives at Invest WindsorEssex, expressed, "We are thrilled to welcome NEO Battery Materials to Windsor-Essex, a testament to our region's strategic location and prominence as a global leader in next-generation vehicle production and battery manufacturing. We are proud to support NEO Battery Materials in establishing their innovative operations here and look forward to their continued growth and impact in our community." "The execution of the Agreement represents a transformative milestone for NEO Battery Materials and the Canadian and Ontario battery ecosystem," stated Mr. Spencer Huh, Director, President and CEO of NEO. "We are proud to be establishing Canada's first advanced silicon anode manufacturing facility, enabling us to address the increasing demand for high-performance and cost-effective battery technologies. With a significant investment in the Windsor community, NEO will further bolster Ontario's clean tech sector and strengthen Canada's growing leadership in the battery supply chain." Mr. Tom Schnekenburger, Director of Research Partnerships at the University of Windsor, commented, "Creating a thriving innovation ecosystem in Windsor-Essex comes from collaborations with teams like NEO Battery Materials. These projects are crucial to developing a world-class talent pool and critical to advancing R&D and material discovery." About City of Windsor Windsor is the proud International Gateway between Canada and the United States of America, and the largest border city in the country. The city boasts one of the busiest commercial Canada-U.S. border crossings, handling about a third of all Canada-U.S. trade per day. Strategically located, the city has easy access to the Right Honourable Herb Gray Parkway, Highway 401, Highway 3, the Ambassador Bridge, the Windsor-Detroit Tunnel, the Windsor International Airport, and the Detroit Metropolitan Airport. At the municipal level, the City of Windsor is led by a Mayor and City Council who remain committed to making strategic investments in infrastructure, assets, amenities and experiences to support and sustain record growth, while keeping affordability and quality of life top of mind. About Invest WindsorEssex Invest WindsorEssex is the lead economic development agency for the Windsor-Essex region. The focus of the organization is to develop and execute strategies to retain, expand, attract and help new businesses start-up in Windsor-Essex. Invest WindsorEssex is led by a board of distinguished community leaders. A team of professional staff will assist you with all your location and investment decisions by working one-on-one with businesses, to facilitate the process of starting, growing or locating in Windsor-Essex. About University of Windsor With a rich history dating back to 1857, the University of Windsor is a comprehensive, student-focused institution with more than 17,000 students enrolled in a broad range of undergraduate and graduate programs in the faculties of Arts, Humanities and Social Sciences, Education, Engineering, Graduate Studies, Human Kinetics, Law, Nursing, Odette School of Business and Science. UWindsor's mission is to empower positive change through regionally and globally engaged inquiry, learning, scholarship, creative activity and advance bold and impactful research. Visit to learn more. Grandview Research also noted, "The automotive industry's shift towards electric vehicles further amplifies opportunities, as silicon anode batteries offer superior performance. Moreover, advancements in battery technology and materials are paving the way for innovative applications in consumer electronics and healthcare devices, fueling market growth." MarketsandMarkets reports "The global electric vehicle (EV) market is projected to grow from USD 396.4 billion in 2024 to USD 620.3 billion by 2030 at a CAGR of 7.7%." In early January, Tesla reported, "In the fourth quarter, we produced approximately 459,000 vehicles, delivered over 495,000 vehicles and deployed 11.0 GWh of energy storage products - a record for both deliveries and deployments." Tesla will post its financial results for the fourth quarter of 2024 after market close on Wednesday, January 29, 2025. recently reported that Tesla "just launched a freshened version of its wildly popular Model Y crossover in the U.S., starting with a pricey special edition that stickers for $61,380 with shipping, a $12,000 premium over the comparable older version still on sale." EV stocks saw a short-term pull-back following President Trump eliminating the Biden administration's EV mandate, but Rivian and Lucid are rising again as the market looks at the long-term growth story. Rivian Automotive, Inc., on January 16th announced it closed its loan agreement with the US Department of Energy's (DOE) Loan Programs Office (LPO) for up to $6.6 billion (including $6 billion of principal and approximately $600 million of capitalized interest) in financial support for the construction of its next manufacturing facility in Stanton Springs North, near the City of Social Circle, Georgia. These funds will help secure American leadership in electric vehicles while supporting the creation of 7,500 new manufacturing jobs and accelerating the volume expansion of the company's new R2 SUV and R3 crossover. From the news: Construction is expected to begin in 2026 with the production of customer vehicles expected to take place in 2028. Rivian and the Department of Energy have worked together closely for over two years in order for the loan to proceed to closing. Continued: "This loan will help us accelerate the launch of our Georgia plant for R2 and R3, providing thousands of jobs in the state," said Rivian Founder and CEO RJ Scaringe. "People are incredibly excited to get behind the wheel of our new models, and this additional capacity for our mass market products is key to U.S. leadership in the electric vehicle industry." ON January 6th, Panasonic Energy Co., Ltd., a global leader in the battery industry, and Lucid Group, Inc., maker of the world's most advanced electric vehicles, announced the highly anticipated Lucid Gravity Grand Touring will be powered by Panasonic Energy's lithium-ion EV battery cells. With an EPA-estimated range of up to 450 miles1 from a battery pack that is up to 40 percent smaller than competitors', the collaborative efforts between Panasonic and Lucid have helped deliver an SUV with a previously impossible combination of outstanding range, performance and interior space. From the news: Lucid Gravity is a groundbreaking new class of SUV, conceived from the ground up without compromise. Enabled by Lucid's revolutionary technology, Lucid Gravity provides the interior space and practicality of a full-size SUV with up to 120 cubic feet of total usable cargo space2, all contained inside the exterior footprint of a mid-size SUV. As a result, it provides a sophisticated space for up to seven adults, game-changing versatility, and an unparalleled driving experience. The Lucid Gravity Grand Touring offers 828 horsepower, is capable of 0-60 in under 3.5 seconds, and has an EPA-rated range of up to 450 miles. Another major player in the battery market for EV's, Solid Power, Inc., is an industry-leading developer of all-solid-state rechargeable battery technology, primarily for the electric vehicle market. Solid Power replaces the flammable liquid electrolyte contained within a conventional lithium-ion battery with a proprietary sulfide solid electrolyte. As a result, Solid Power's all-solid-state batteries are designed to be safer, more stable at high temperatures, offer higher energy and provide a lower cost alternative to today's best available lithium-ion batteries, all while being produced with traditional lithium-ion manufacturing processes. The global electric vehicle (EV) battery market size was valued at USD 59.06 billion in 2023 and is projected to grow from USD 67.78 billion in 2024 to USD 111.20 billion by 2032, exhibiting a CAGR of 6.4% during the forecast period. The opportunity is still very much on a growth curve for investors following the sector. Investors can research more battery and mining stocks at Research EV stocks at About is the go-to platform for big investing ideas. From breaking stock news to top-rated investing podcasts, we cover it all. Our original branded content includes podcasts such as Exploring Mining, Cleantech, Crypto Corner, Cannabis News, and the AI Eye. We also create free investor stock directories for sectors including mining, crypto, renewable energy, gaming, biotech, tech, sports and more. Disclaimer/Disclosure: This article featuring NEO Battery Materials a paid for service on as a featured cleantech stock. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. 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