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Associated Press
26-07-2025
- Automotive
- Associated Press
Battery X Metals Reports Estimated 225 km Increase in Effective Driving Range Following Second Successful Rebalancing and First Successful Targeted Cell Replacement, Restoring Light-Duty Electric Vehicle to 265 km and Diagnosing Defective Cell That Had Severely Limited Range
News Release Highlights: VANCOUVER, BC / ACCESS Newswire / July 25, 2025 / Battery X Metals Inc. (CSE:BATX)(OTCQB:BATXF)(FSE:5YW, WKN:A40X9W)('Battery X Metals' or the 'Company') an energy transition resource exploration and technology company, announces that further to its news releases dated June 6, July 4 and July 18, 2025, its wholly-owned subsidiary, Battery X Rebalancing Technologies Inc. ('Battery X Rebalancing Technologies'), has successfully completed a second real-world electric vehicle (EV) battery rebalancing procedure (the 'Rebalancing Procedure') and driving performance trial (the 'Performance Trial') under its Commercial Revenue Share Agreement (the 'Revenue Share Agreement') with an arm's-length, independent automobile service center based in Vancouver, BC (the 'Automotive Service Center'), which specializes in servicing out-of-warranty Tesla vehicles. The Rebalancing Procedure and subsequent Performance Trial demonstrated a significant improvement in estimated driving range for a fully electric Class 3 commercial vehicle, or light-duty electric vehicle (the 'Electric Truck') following a complete rebalancing process using Battery X Rebalancing Technologies' patent-pending second-generation lithium-ion battery rebalancing hardware and software platform ('Prototype 2.0"). Performance Trial Results The baseline estimated driving range of the Electric Truck prior to the Rebalancing Procedure was approximately 100 kilometers (km) (the 'Baseline Range'). This estimate was based on a pre-rebalancing controlled driving trial conducted under mixed city and highway conditions, during which the vehicle consumed approximately 39% of its available battery capacity to travel a distance of 39 km. Prior to the Rebalancing Procedure (defined herein) and Intervention (defined herein), the Electric Truck exhibited a critical issue where it became inoperable once the state of charge (SOC) dropped below approximately 60%. Although the baseline driving range of the battery pack was estimated at 100 km under normal conditions, the presence of a Defective Cell (defined herein) caused the Electric Truck to shut down prematurely, limiting effective driving range to just ~40 km (the 'Effective Driving Range'). This discrepancy highlights the material impact of undiagnosed cell-level defects on real-world EV performance. Following the identification of a Defective Cell within the Affected Group (defined herein) using Prototype 2.0's integrated cell diagnostics, the entire Affected Group was replaced with a specification-matched Replacement Group (defined herein). Together with the Rebalancing Procedure, this intervention restored the Electric Truck's effective driving range to an estimated 265 km-an improvement of approximately 225 km, or 563% from the Effective Driving Range, and an improvement of 165 km, or 165%, from the Baseline Range. Following completion of the Rebalancing Procedure and Intervention, Battery X Rebalancing Technologies conducted a controlled Performance Trial on the Electric Truck to evaluate post-rebalancing improvements in estimated driving range and battery efficiency under actual operating conditions. During this post-rebalancing trial-also conducted under mixed city and highway conditions-the Electric Truck utilized approximately 17% of its available battery capacity to travel a distance of 45.1 km. Based on this data, the post-rebalancing estimated driving range of the Electric Truck is approximately 265 km under no-load conditions. This reflects a net increase of approximately 165 km compared to the pre-rebalancing condition-representing an improvement of approximately 233%. The Performance Trial results demonstrate a significant improvement in both effective battery capacity and real-world driving range of the Electric Truck. These results further support the technical effectiveness and commercial potential of Battery X Rebalancing Technologies' proprietary rebalancing solution and underscore its broader applicability across commercial electric vehicle fleets and other light-duty EV use cases. The Electric Truck parent company has represented that the Electric Truck's expected driving range under maximum payload conditions is approximately 290 km. Battery X Rebalancing Technologies' Performance Trial yielded an estimated range of approximately 265 km under no-load conditions following the Rebalancing Procedure and Intervention. Although these figures were obtained under different load scenarios, the close alignment between the Electric Truck parent company's reported range and the post-rebalancing estimate supports the reliability of Battery X Rebalancing Technologies' testing methodology. Furthermore, the Performance Trial results underscore the potential of Battery X Rebalancing Technologies' rebalancing process to restore battery performance to levels consistent with the high end of manufacturer-reported specifications. The Performance Trial was performed under no-load conditions; it is relevant to note that payload can have an effect on energy consumption and overall driving range. This consideration is consistent with widely recognized industry dynamics and is disclosed to provide a complete and transparent understanding of factors that may influence real-world vehicle performance. Range may vary based on payload, terrain, driving behavior, and other operational conditions.1 The Performance Trial results further validate the effectiveness and market relevance of Battery X Rebalancing Technologies' proprietary rebalancing solution in restoring degraded battery capacity and materially extending the remaining useful life of commercial electric vehicle batteries. The Company believes these results provide technical validation supporting further evaluation of Prototype 2.0's broader commercial deployment, particularly in fleet environments where range reliability, battery lifespan longevity, and total cost of ownership are mission-critical considerations. Rebalancing Procedure and Cell Diagnostics The Rebalancing Procedure was performed on the Electric Truck's 144-cell lithium-ion battery pack, which had developed significant voltage imbalance under real-world operating conditions (the 'Electric Truck Battery Pack'). The battery pack utilizes lithium nickel manganese cobalt oxide (NMC) chemistry. At the time of inspection, the Electric Truck was effectively inoperable-even at a state of charge (SOC) as high as 60%-indicating a critical disruption in battery functionality. Specifically, once the SOC dropped below approximately 60%, the vehicle was unable to engage or sustain drive mode, rendering it immobile and unfit for road use, highlighting the severity of the cell imbalance and the urgent need for corrective intervention. Using its integrated diagnostic system, Prototype 2.0 identified one specific group of parallel-connected cells registering approximately 3.56 volts (V) (the 'Affected Group'), while the remaining cells in the battery pack measured closer to 3.86V (the 'Initial Voltage Target'). Since the vehicle could not operate with a group of cells falling below ~3.6V, the Affected Group was identified as the likely source of the operational failure. An initial Rebalancing Procedure on the Electric Truck Battery Pack was performed with the intent to rebalance the voltage of the Affected Group to the Initial Voltage Target. However, due to time constraints, the Rebalancing Procedure was only partially completed, and the Electric Truck Battery Pack was left idle overnight for diagnostic observation. By the following morning, the Affected Group, identified using Prototype 2.0's integrated diagnostic system, exhibited a voltage decline of approximately 140 millivolts (mV), indicating potential abnormal self-discharge and persistent voltage decline characteristics of a battery cell within the Affected Group. To further assess voltage retention within cells of the Affected Group, Electric Truck Battery Pack was fully charged using a Level 2 charger, with all cells but the Affected Group reaching approximately 4.10V-referred to as the 'Voltage Target'. The Initial Voltage Target and Voltage Target fall within the standard operating range for NMC lithium-ion cells (3.0V to 4.20V), with 4.20V typically recognized as full capacity.2 After a second overnight observation, one individual cell within the Affected Group displayed an abnormal voltage drop relative to the rest of the Electric Truck Battery Pack, including the Affected Group (the 'Defective Cell'), which at that time was at 4.05V. In this context, a Defective Cell refers to a battery cell exhibiting abnormal self-discharge and persistent voltage decline. While such cells can technically be rebalanced, their atypical behavior may comprise group-level voltage stability, reduce usable capacity, and negatively impact long-term battery performance. Prototype 2.0's ability to isolate and identify Defective Cells is a key diagnostic advantage, enabling targeted interventions that aim to enhance the overall effectiveness of the Rebalancing Procedure. To address the potential long term implications on battery capacity, technicians at the Automotive Service Center-acting under the Revenue Share Agreement-replaced the Affected Group, which included the Defective Cell, with a specification-matched set of cells (the 'Replacement Group') to ensure compatibility with the rest of the Electric Truck Battery Pack (the 'Intervention'). The Rebalancing Procedure was then rebalanced to the Target Voltage, and reintegrated into the Electric Truck Battery Pack. Under typical conditions, a final Rebalancing Procedure of the Electric Truck Battery Pack-including the newly installed Replacement Group-would have been recommended at this stage to achieve optimal voltage balance and uniformity across all cells in the Electric Truck Battery Pack. However, due to time constraints, the vehicle advanced directly to the Performance Trial phase. Battery X Rebalancing Technologies believes that, had this final Rebalancing Procedure been conducted, the recovery in battery capacity and driving range would have been even more pronounced. Notably, Battery X Rebalancing Technologies believes that, while the Defective Cell was a primary contributor to the Electric Truck's inoperability at approximately 60% SOC, its targeted replacement served as an enabling measure to restore localized stability rather than the principal driver of performance recovery. The subsequent Rebalancing Procedure, during which the Repaired Group was brought to the Voltage Target, was the key intervention that re-established acceptable operating tolerances and materially improved the battery pack's functional capacity. Collectively, these actions restored vehicle operability and resulted in a measurable increase in effective driving range under real-world operating conditions. These results underscore the diagnostic precision and corrective capabilities of Prototype 2.0, which not only rebalances imbalanced lithium-ion battery packs but also identifies and isolates Defective Cells that may impact long-term performance. This integrated functionality supports more efficient battery maintenance and scalable reconditioning-particularly valuable in high-utilization commercial EV fleets. Significance of Results The results of the Performance Trial, Rebalancing Procedure, and Prototype 2.0's demonstrated Defective Cell diagnostic capabilities (collectively, the 'Results') confirm that Prototype 2.0 is not only capable of effectively rebalancing lithium-ion battery packs exhibiting significant, naturally occurring cell imbalance, but also of identifying Defective Cells that can materially impact battery capacity and as demonstrated in this instance, vehicle operability. This successful outcome builds upon previously disclosed validation milestones achieved by Battery X Rebalancing Technologies, including third-party technical validation conducted by the National Research Council of Canada (as referenced below), as well as the Company's news release dated May 30, 2025, announcing the successful rebalancing of a naturally imbalanced Nissan Leaf battery pack-the second most common out-of-warranty electric vehicle platform in the United States. Importantly, the Results not only demonstrate the technical effectiveness of Prototype 2.0 in an Electric Truck application, but also demonstrate its potential to recover substantial lost battery capacity resulting from cell imbalance and identifying Defective Cells that can materially impact battery capacity and as demonstrated in this instance, vehicle operability. This performance reinforces the relevance of the Battery X Rebalancing Technologies' patent-pending technology in practical, real-world scenarios and highlights the broader need for scalable, cost-effective battery recovery solutions. The Performance Trial further substantiates the commercial viability of Prototype 2.0 as a solution to extend the remaining useful life of degraded battery packs in commercial electric vehicle fleets. The Problem: Rising EV Adoption Presents New Battery Lifecycle Challenges In 2024, global EV sales reached approximately 17.1 million units, representing a 25% increase from 2023.3 With cumulative global EV sales from 2015 to 2023 totaling an estimated over 40 million units,4 a significant share of the global EV fleet is expected to exit warranty coverage over the coming years. 5,6 By 2031, nearly 40 million electric, plug-in hybrid, and hybrid vehicles worldwide are anticipated to fall outside of their original warranty coverage.5,6 This projection is based on current EV adoption figures and standard industry warranty terms, and underscores a growing risk for EV owners facing battery degradation, reduced capacity, and costly replacement requirements.7 As the global EV fleet continues to expand, the demand for technologies that extend battery life, reduce long-term ownership costs, and support a sustainable transition to electric mobility is increasing. The Solution: Pioneering Next-Generation Technologies to Support Lithium-Ion Battery Longevity Battery X Rebalancing Technologies' proprietary software and hardware technology aims to address this challenge by extending the lifespan of EV batteries. This innovation is being developed with the aim to enhance the sustainability of electric transportation and the goal to provide EV owners with a more cost-effective, environmentally friendly ownership experience by reducing the need for costly battery replacements. Battery X Rebalancing Technologies' rebalancing technology, validated by the National Research Council of Canada ('NRC'), focuses on battery cell rebalancing. The NRC validation demonstrated the technology's ability to effectively correct cell imbalances in lithium-ion battery packs, recovering nearly all lost capacity due to cell imbalance. The validation was conducted on battery modules composed of fifteen 72Ah LiFePO₄ cells connected in series. The cells were initially balanced to a uniform state of charge (SOC), with a measured discharge capacity of 71.10Ah. In the validation test, three of the fifteen cells were then artificially imbalanced-one cell was charged to a 20% higher SOC, and two cells were discharged to a 20% lower SOC-resulting in a reduced discharge capacity of 46.24Ah, following rebalancing using Battery X Rebalancing Technologies' rebalancing technology. These advancements establish Battery X Rebalancing Technologies as a participant in lithium-ion and EV battery solutions, aiming to tackle the critical challenges of capacity degradation of battery packs and expensive replacements. By extending the lifecycle of battery materials within the supply chain, Battery X Rebalancing Technologies aims to support the energy transition and promote a more sustainable future. 1 FlipTurn, 2 Battery University, 3 Rho Motion - Global EV Sales 2024,4 IEA Global EV Outlook 2024, 5 IEA, 6 U.S. News, 7 Recurrent Auto About Battery X Metals Inc. Battery X Metals (CSE:BATX) (OTCQB:BATXF) (FSE:5YW, WKN:A40X9W) is an energy transition resource exploration and technology company committed to advancing domestic and critical battery metal resource exploration and developing next-generation proprietary technologies. Taking a diversified, 360° approach to the battery metals industry, the Company focuses on exploration, lifespan extension, and recycling of lithium-ion batteries and battery materials. For more information, visit On Behalf of the Board of Directors Massimo Bellini Bressi, Director For further information, please contact: Massimo Bellini Bressi Chief Executive Officer Email: [email protected] Tel: (604) 741-0444 Disclaimer for Forward-Looking Information This news release contains forward-looking statements within the meaning of applicable Canadian securities laws. Forward-looking statements in this release relate to, among other things: the estimated driving range improvements for the Electric Truck following the Rebalancing Procedure; the interpretation and implications of the Performance Trial and Rebalancing Procedure; the technical capabilities and potential future applications of Prototype 2.0, including its ability to restore battery capacity and address cell imbalance in lithium-ion battery packs; the relevance of these results to light-duty electric vehicles and high-utilization commercial EV fleets; and the Company's broader objective to extend battery life and improve performance outcomes for electric vehicle operators. These forward-looking statements reflect management's current expectations, estimates, projections, and assumptions as of the date of this news release and are based on a number of factors and assumptions believed to be reasonable at the time such statements are made, including without limitation: assumptions regarding the repeatability of results under similar conditions; consistent battery behavior across comparable vehicles and chemistries; the continued performance of Prototype 2.0 in future applications; and the relevance of the platform's diagnostic capabilities to real-world EV battery issues. Forward-looking statements are subject to known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to differ materially from those expressed or implied by such statements. Such risks and uncertainties include, but are not limited to: the inability to replicate trial results in other settings; variability in battery performance across different chemistries or states of health; limitations in diagnostic interpretation; unforeseen technical or operational challenges; risks generally associated with early-stage battery technology development; regulatory changes affecting EV battery technologies; and intellectual property risks related to Prototype 2.0. There can be no assurance that Prototype 2.0 will achieve broader commercial adoption or that the Company or Battery X Rebalancing Technologies will realize any revenues from the developments described herein. Readers are cautioned not to place undue reliance on such forward-looking statements. Except as required by applicable securities laws, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Investors are encouraged to consult the Company's continuous disclosure filings available under its profile at for additional risk factors and information. SOURCE: Battery X Metals press release
Washington Post
24-07-2025
- Business
- Washington Post
Rebalancing relationship with China ‘essential,' E.U. president says
The relationship between China and the European Union is at 'an inflection point' and 'rebalancing' bilateral relations is essential, European Commission President Ursula von der Leyen said Thursday after a meeting with Chinese leader Xi Jinping in Beijing. The summit marking 50 years of bilateral relations, initially scheduled for two days but downgraded to one, takes place at a particularly tense time in the relationship, with growing tensions over trade imbalances and Beijing's support for Russia's war against Ukraine.
Yahoo
24-07-2025
- Business
- Yahoo
EU press for more balanced relationship at scaled-back EU-China summit in Beijing
European leaders were pushing for rebalancing trade at the EU-China summit with President Xi Jinping on Thursday. Focusing their opening remarks on trade, they called for concrete progress to address Europe's yawning trade deficit with China. "As our cooperation has deepened, so have the imbalances," European Commission President Ursula von der Leyen said. "We have reached an inflection point. Rebalancing our bilateral relations is essential. Because to be sustainable, relations need to be mutually beneficial." Expectations were low for the talks, initially supposed to last two days but scaled back to one. They come amid financial uncertainty around the world, wars in the Middle East and Ukraine, and the threat of US tariffs. Neither the EU nor China is likely to budge on key issues dividing the two economic juggernauts. European Council President António Costa called on China to use its influence over Russia to bring an end to the war in Ukraine — a long-running plea from European leaders that is likely to fall on deaf ears. He signalled a possible agreement on climate, saying he looks forward to "a strong joint political message" from the summit ahead of annual UN climate talks in November in Brazil. That could follow their talks with China's Premier Li Qiang later Thursday. Xi called on China and Europe to deepen cooperation and mutual trust to provide stability in an increasingly complex international environment, China's state broadcaster CCTV reported online. They should set aside differences and seek common ground, he said, a phrase he often uses in relationships like the one with the EU. Treading carefully not to get too close Besides the trade imbalance and the Ukraine war, Von der Leyen and Costa were expected to raise concerns about Chinese cyberattacks and espionage, its restrictions on the export of rare earth minerals and its human rights record in Tibet, Hong Kong and Xinjiang. The EU, meanwhile, has concerns about a looming trade battle with the United States. "Europe is being very careful not to antagonise President Trump even further by looking maybe too close to China, so all of that doesn't make this summit easier," said Fabian Zuleeg, chief economist of the European Policy Centre. "It will be very hard to achieve something concrete." China's stance has hardened on the EU, despite a few olive branches, like the suspension of sanctions on European lawmakers who criticised Beijing's human rights record in Xinjiang, a region in northwestern China home to the Uyghurs. China believes it has successfully weathered the US tariffs storm because of its aggressive posture, said Noah Barkin, an analyst at the Rhodium Group think tank. Barkin said that Beijing's bold tactics that worked with Washington should work with other Western powers. "China has come away emboldened from its trade confrontation with Trump. That has reduced its appetite for making concessions to the EU," he said. "Now that Trump has backed down, China sees less of a need to woo Europe." China is the EU's second-largest trading partner in goods, after the United States, with about 30% of global trade flowing between them. Both China and the EU want to use their economies ties to stabilise the global economy, and they share some climate goals. But deep disagreements run through those overlapping interests. Division on trade China and the EU have multiple trade disputes across a range of industries, but no disagreement is as sharp as their enormous trade imbalance. Like the US, the 27-nation bloc runs a massive trade deficit with China — around €300 billion last year. It relies heavily on China for critical minerals, which are also used to make magnets for cars and appliances. When China curtailed the export of those minerals in the wake of US President Donald Trump's tariffs, European automakers cried foul. The EU has tariffs on Chinese electric vehicles in order to support its own carmakers by balancing out Beijing's own heavy auto subsidies. China would like those tariffs to be revoked. The rapid growth in China's market share in Europe has sparked concern that Chinese cars will eventually threaten the EU's ability to produce its own green technology to combat climate change. Business groups and unions also fear that the jobs of 2.5 million auto industry workers could be put in jeopardy, as well as those of 10.3 million more people whose employment depends indirectly on EV production. China has also launched investigations into European pork and dairy products, and placed tariffs on French cognac and armagnac. They have criticised new EU regulations of medical equipment sales, and fear upcoming legislation that could further target Chinese industries, said Alicia García-Herrero, a China analyst at the Bruegel think tank. In June, the EU announced that Chinese medical equipment companies were to be excluded from any government purchases of more than €5 million (nearly $6 million). The measure seeks to incentivise China to cease its discrimination against EU firms, the bloc said, accusing China of erecting "significant and recurring legal and administrative barriers to its procurement market." European companies are largely seeing declining profitability in China. But the EU has leverage because China still needs to sell goods to the bloc, García-Herrero said. "The EU remains China's largest export market, so China has every intention to keep it this way, especially given the pressure coming from the U.S.," she said. It was unclear why the initial plan for the summit of two days was curtailed to just one in Beijing. War on Europe's doorstep The clear majority of Europeans favour increasing aid to Ukraine and more sanctions on Russia. The latest sanctions package on Russia also listed Chinese firms, including two large banks that the EU accused of being linked to Russia's war industry. China's commerce ministry said that it was "strongly dissatisfied with and firmly opposed to" the listing and vowed to respond with "necessary measures to resolutely safeguard the legitimate rights and interests of Chinese enterprises and financial institutions." Xi and Putin have had a close relationship, which is also reflected in the countries' ties. China has become a major customer for Russian oil and gas, and a source of key technologies following sweeping Western sanctions on Moscow. In May, Xi attended a Victory Day celebration alongside Putin in Moscow, but didn't attend a similar EU event in Brussels celebrating the end of World War II. Von der Leyen and Costa will press Xi and Li to slash their support of Russia, but with likely little effect. Beyond Beijing and Washington Buffeted between a combative Washington and a hard-line Beijing, the EU has more publicly sought new alliances elsewhere, inking a trade pact with Indonesia, heaping praise on Japan and drafting trade deals with South America and Mexico. "We also know that 87% of global trade is with other countries — many of them looking for stability and opportunity. That is why I am here for this visit to Japan to deepen our ties," Von der Leyen said in Tokyo during an EU-Japan summit on her way to Beijing. "Both Europe and Japan see a world around us where protectionist instincts grow, weaknesses get weaponised, and every dependency exploited. So it is normal that two like-minded partners come together to make each other stronger." Promoting ties with Europe is one third of Japan's new 2025 military doctrine, after sustaining defence links with the US and investing in capabilities at home like missiles, satellites, warships, and drones. Error in retrieving data Sign in to access your portfolio Error in retrieving data
Reuters
24-07-2025
- Business
- Reuters
EU's von der Leyen says China ties are at 'inflection point' at tense summit
BEIJING, July 24 (Reuters) - European Commission President Ursula von der Leyen called for an "essential" rebalancing of trade ties with China during a tense summit on Thursday with President Xi Jinping, saying ties stood at an "inflection point", according to a pool report. Expectations were low for the summit marking 50 years of diplomatic ties after weeks of escalating tension and wrangling over its format, with the duration abruptly halved to a single day at Beijing's request. Von der Leyen and European Council President Antonio Costa met Xi at the start of an event set to be dominated by thorny issues ranging from trade frictions to the Ukraine war. "As our cooperation has deepened, so have imbalances. We have reached an inflection point," von der Leyen told Xi during the meeting in the Great Hall of the People. She was referring to the EU's trade deficit with China, which ballooned to a historic 305.8 billion euros ($360 billion) last year. "Rebalancing of our bilateral relation is essential ... It is vital for China and Europe to acknowledge our respective concerns and come forward with real solutions." However, Xi urged the EU to "make correct strategic choices" during the meeting, state broadcaster CCTV said, in a veiled criticism of Brussels' hawkish stance on China. "The more severe and complex the international situation, the more China and the EU must strengthen communication, enhance mutual trust and deepen cooperation," Xi told von der Leyen and Costa, it said. "Chinese and European leaders should ... make correct strategic choices that meet the expectations of the people." The weeks before the summit were dominated by tit-for-tat trade disputes and hawkish European rhetoric, such as a July 8 accusation by von der Leyen that China was flooding global markets as a result of its overcapacity and "enabling Russia's war economy". Shortly before the summit, however, von der Leyen struck a more conciliatory tone, describing it as an opportunity to "both advance and rebalance our relationship" in a post on X on Thursday. "I'm convinced there can be a mutually beneficial cooperation," von der Leyen added. The two EU officials are set to meet Chinese Premier Li Qiang later. Both sides are hoping to reach a modest joint statement on climate, currently one of the only bright spots in EU-China cooperation. State news agency Xinhua also appeared to downplay Beijing's rivalry with the 27-member bloc, saying China was a "critical partner" for Europe, with a range of shared interests. "China is a critical partner to Europe, not a systemic rival," it said in a commentary. The two shared interests in trade, climate, and global governance, it said, adding, "These areas of common ground should not be eclipsed by isolated points of friction." The EU defines China as a "partner, competitor and systemic rival", which frames its strategic approach to China policy. At the summit, European leaders are also expected to raise topics such as electric vehicles and Chinese industrial overcapacity. China launched rare earth export controls in April that disrupted supply chains worldwide, leading to temporary stoppages in European automotive production lines the following month. But its exports of rare earth magnets to the EU surged in June by 245% from May, to stand at 1,364 metric tons, though that was still 35% lower than the year-earlier figure, customs data showed. The EU is likely to seal a trade deal with the United States for a broad tariff of 15% on its exports after intense negotiations, avoiding a harsher 30% figure threatened by President Donald Trump. ($1=0.8492 euros)
Yahoo
05-07-2025
- Automotive
- Yahoo
Battery X Metals Reports Estimated Driving Range Increase of 255 Kilometers Following Successful Rebalancing of Light-Duty Electric Vehicle Model with Severe Cell Imbalance, Restoring Post-Rebalance Range to 295 Kilometers in Preliminary Trial
News Release Highlights: Battery X Rebalancing Technologies has restored a severely degraded Class 3 electric truck from a reported ~40-kilometer range to an estimated 295 kilometers range per charge under no-load conditions (a 255-kilometer increase; 637.5% improvement) based on results from controlled real-world performance trials. Prototype 2.0, Battery X Rebalancing Technologies' patent-pending battery rebalancing platform, demonstrated breakthrough results in the field by fully restoring lost capacity in a 144-cell NMC battery pack exhibiting severe natural cell imbalance-achieving 100% recovery of imbalance-related losses and delivering a 37.7% increase in Rated Capacity. Battery X Rebalancing Technologies has been informed of a broader commercial opportunity following reports of widespread battery degradation across similar electric trucks in active service-underscoring growing demand for a scalable, cost-effective rebalancing solution to extend battery life and reduce operating costs for commercial EV stakeholders. VANCOUVER, BC / / July 4, 2025 / Battery X Metals Inc. (CSE:BATX)(OTCQB:BATXF)(FSE:5YW, WKN:A40X9W)("Battery X Metals" or the "Company") an energy transition resource exploration and technology company, announces that further to its news release dated June 6, 2025, its wholly-owned subsidiary, Battery X Rebalancing Technologies Inc. ("Battery X Rebalancing Technologies"), has successfully completed a real-world driving trial demonstrating a significant increase in estimated driving range for a fully electric, Class 3 commercial electric vehicle, or light-duty electric vehicle (the "Electric Truck"), following a full battery rebalancing process using the Company's patent-pending second-generation lithium-ion battery rebalancing hardware and software platform ("Prototype 2.0"). As part of its ongoing performance validation program for Prototype 2.0, Battery X Rebalancing Technologies recently conducted a series of real-world road tests on a rebalanced Electric Truck to evaluate post-rebalancing driving range and battery efficiency. The Electric Truck was supplied by an authorized Canadian distributor of the Electric Truck (the "Electric Truck Authorized Distributor") and, as represented by the Electric Truck Authorized Distributor, had previously demonstrated a significantly degraded driving range of approximately 40 kilometers per full charge caused by significant natural cell imbalance caused by real-world conditions. In response to this battery capacity performance deficiency, Battery X Rebalancing Technologies performed a battery rebalancing procedure on the Electric Truck utilizing Prototype 2.0, as initially disclosed in the Company's news release dated June 6, 2025. During the associated rebalancing trial (the "Rebalancing Trial"), Battery X Rebalancing Technologies successfully completed a full rebalancing process on a 144-cell lithium-ion battery pack composed of lithium nickel manganese cobalt oxide (NMC) chemistry, which had exhibited substantial imbalance attributable to real-world operating conditions. The Rebalancing Trial demonstrated complete (100%) recovery of imbalance-related capacity loss and yielded a 37.7% increase in the Rated Capacity (as defined in the June 6, 2025 news release) of the Electric Truck's battery pack. The ResultsFollowing completion of the rebalancing procedure, Battery X Rebalancing Technologies conducted a series of controlled real-world performance evaluations (each, a "Trial" and collectively, the "Battery Range Performance Trials") on the Electric Truck for the purpose of assessing post-rebalancing improvements in battery range and overall energy efficiency under actual operating conditions. In the first Trial, the Electric Truck traveled a total distance of 41 kilometers, utilizing approximately 14% of its available battery capacity, while operating across a combination of highway and city driving environments. In the second Trial, the vehicle completed a distance of 107.3 kilometers while consuming approximately 35% of its battery capacity, under similarly mixed driving conditions. The third Trial, conducted exclusively under city driving conditions, demonstrated that the vehicle traveled 58.2 kilometers while utilizing approximately 21% of its available battery charge (collectively, the "Results"). The Results demonstrate a material improvement in the estimated driving range and effective battery capacity of the Electric Truck. Specifically, post-rebalancing performance testing indicates an estimated driving range of approximately 295 kilometers per full charge under no-load conditions. These figures represent an increase of up to 255 kilometers in driving range under no-load conditions, corresponding to an approximately 637.5% improvement of battery driving range, as compared to the pre-rebalancing range of approximately 40 kilometers. The Results affirm the technical efficacy and commercial relevance of Battery X Rebalancing Technologies' proprietary rebalancing process and support its broader applicability within light-duty electric vehicle fleets and other commercial electric transportation use cases. The Electric Truck parent company has represented that the Electric Truck's expected driving range under maximum payload conditions is approximately 290 kilometers. Battery X Rebalancing Technologies' Battery Range Performance Trials yielded an estimated range of approximately 295 kilometers under no-load conditions following rebalancing. Although these figures were obtained under different load scenarios, the close alignment between the Electric Truck Authorized Distributor's reported range and the post-rebalancing estimate supports the reliability of Battery X Rebalancing Technologies' testing methodology. Furthermore, the Results underscore the potential of Battery X Rebalancing Technologies' rebalancing process to restore battery performance to levels consistent with the high end of manufacturer-reported specifications. The Battery Range Performance Trials were performed under no-load conditions; it is relevant to note that payload can have an effect on energy consumption and overall driving range. This consideration is consistent with widely recognized industry dynamics and is disclosed to provide a complete and transparent understanding of factors that may influence real-world vehicle performance. Range may vary based on payload, terrain, driving behavior, and other operational conditions. These performance outcomes further validate the effectiveness and market relevance of Battery X Rebalancing Technologies' proprietary rebalancing solution in restoring degraded battery capacity and materially extending the remaining useful life of commercial electric vehicle batteries. The Company believes these results provide compelling technical validation in support of Prototype 2.0's broader commercial deployment, particularly in fleet environments where range reliability, battery lifespan longevity, and total cost of ownership are mission-critical considerations. Significance of Results & Market Opportunity for the Electric TruckThe Results of the Rebalancing Trial and the Battery Range Performance Trials collectively demonstrate that Prototype 2.0 is capable of effectively rebalancing lithium-ion battery packs exhibiting significant, naturally occurring cell imbalance. This successful outcome builds upon previously disclosed validation milestones achieved by Battery X Rebalancing Technologies, including third-party technical validation conducted by the National Research Council of Canada (as referenced below), as well as the Company's news release dated May 30, 2025, announcing the successful rebalancing of a naturally imbalanced Nissan Leaf battery pack-the second most common out-of-warranty electric vehicle platform in the United States. Importantly, the Results not only validate the technical efficacy of Prototype 2.0 in an Electric Truck application, but also demonstrate its potential to recover substantial lost battery capacity resulting from cell imbalance. This performance reinforces the relevance of the Company's patent-pending technology in practical, real-world scenarios and highlights the broader need for scalable, cost-effective battery recovery solutions. The Battery Range Performance Trials further substantiates the commercial viability of Prototype 2.0 as a solution to extend the remaining useful life of aging battery packs in commercial electric vehicle fleets. The Electric Truck and associated Electric Truck battery pack were supplied to Battery X Rebalancing Technologies at no cost for testing and evaluation by the Electric Truck Authorized Distributor, who advised that it owns and operates a fleet of approximately 20 Electric Trucks (the "Electric Truck Fleet"). According to the Electric Truck Authorized Distributor, multiple vehicles within the Electric Truck Fleet have exhibited material battery degradation and capacity loss attributable to cell imbalance. The Rebalancing Trial and the Battery Range Performance Trials were undertaken in response to the Electric Truck Authorized Distributor's request for a viable alternative to full battery replacement, which it advised may be financially prohibitive on a fleet-wide basis. The objective of the Rebalancing Trial and the Battery Range Performance Trials was to determine whether Prototype 2.0 could effectively restore functional battery performance in a degraded battery unit sourced from the Electric Truck Fleet. Upon successful rebalancing, the Battery Range Performance Trials further aimed to quantify the extent of recovered battery capacity in terms of estimated driving range. The positive Results are expected to inform and support ongoing discussions with the Electric Truck Authorized Distributor regarding the potential deployment of the rebalancing solution across its broader fleet, with the goal of extending battery life and mitigating the operational and financial impact of premature battery replacements. Battery X Rebalancing Technologies has been informed by the Electric Truck Authorized Distributor that a substantial number of similar electric trucks are currently in operation across various markets, including those held by the Electric Truck's parent company, authorized distributors, commercial fleet operators, and private owners. Many of these vehicles are reportedly experiencing battery degradation symptoms consistent with cell imbalance. This feedback underscores a broader market opportunity for Battery X Rebalancing Technologies to provide a scalable, cost-effective rebalancing solution aimed at extending battery life and reducing total cost of ownership for commercial EV stakeholders. In conjunction with the Rebalancing Trial and the Battery Range Performance Trials, Battery X Rebalancing Technologies is currently advancing the development of standardized operating procedures ("SOPs") tailored to the Electric Truck Battery Pack, in addition to refining user interface and workflow enhancements within Prototype 2.0. The Company is also actively pursuing a commercial manufacturing agreement to support scalable production and deployment of its rebalancing platform. These activities are intended to further the Company's broader commercialization strategy, which is not limited to any single third-party opportunity. The Electric Truck-specific SOPs, however, are being developed in direct response to the successful Battery Range Performance Trials and the interest expressed by the Electric Truck Authorized Distributor. There can be no assurance that Battery X Rebalancing Technologies will enter into any definitive commercial arrangement with the Electric Truck Authorized Distributor or any other third party at this time. While the Company remains encouraged by the Rebalancing Trial and the Battery Range Performance Trials, which demonstrate an apparent need in the marketplace, any future commercial arrangement will be subject to further technical validation, negotiation of mutually acceptable terms, and completion of all necessary operational readiness milestones. The Problem: Rising EV Adoption Presents New Battery Lifecycle ChallengesIn 2024, global EV sales reached approximately 17.1 million units, representing a 25% increase from 20231. With cumulative global EV sales from 2015 to 2023 totaling an estimated over 40 million units2, a significant share of the global EV fleet is expected to exit warranty coverage over the coming years. By 2031, nearly 40 million electric, plug-in hybrid, and hybrid vehicles worldwide are anticipated to fall outside of their original warranty coverage3,4. This projection is based on current EV adoption figures and standard industry warranty terms, and underscores a growing risk for EV owners facing battery degradation, reduced capacity, and costly replacement requirements5. As the global EV fleet continues to expand, the demand for technologies that extend battery life, reduce long-term ownership costs, and support a sustainable transition to electric mobility is increasing. The Solution: Pioneering Next-Generation Technologies to Support Lithium-Ion Battery LongevityBattery X Rebalancing Technologies' proprietary software and hardware technology aims to address this challenge by extending the lifespan of EV batteries. This innovation is being developed with the aim to enhance the sustainability of electric transportation and the goal to provide EV owners with a more cost-effective, environmentally friendly ownership experience by reducing the need for costly battery replacements. Battery X Rebalancing Technologies' rebalancing technology, validated by the National Research Council of Canada ("NRC"), focuses on battery cell rebalancing. The NRC validation demonstrated the technology's ability to effectively correct cell imbalances in lithium-ion battery packs, recovering nearly all lost capacity due to cell imbalance. The validation was conducted on battery modules composed of fifteen 72Ah LiFePO₄ cells connected in series. The cells were initially balanced to a uniform state of charge (SOC), with a measured discharge capacity of 71.10Ah. In the validation test, three of the fifteen cells were then artificially imbalanced-one cell was charged to a 20% higher SOC, and two cells were discharged to a 20% lower SOC-resulting in a reduced discharge capacity of 46.24Ah, following rebalancing using Battery X Rebalancing Technologies' rebalancing technology. These advancements establish Battery X Rebalancing Technologies as a participant in lithium-ion and EV battery solutions, aiming to tackle the critical challenges of capacity degradation of battery packs and expensive replacements. By extending the lifecycle of battery materials within the supply chain, Battery X Rebalancing Technologies aims to support the energy transition and promote a more sustainable future. 1 Rho Motion - Global EV Sales 2024, 2 IEA Global EV Outlook 2024, 3 IEA, 4 U.S. News, 5 Recurrent Auto About Battery X Metals X Metals (CSE:BATX)(OTCQB:BATXF)(FSE:5YW, WKN:A40X9W) is an energy transition resource exploration and technology company committed to advancing domestic and critical battery metal resource exploration and developing next-generation proprietary technologies. Taking a diversified, 360° approach to the battery metals industry, the Company focuses on exploration, lifespan extension, and recycling of lithium-ion batteries and battery materials. For more information, visit On Behalf of the Board of DirectorsMassimo Bellini Bressi, Director For further information, please contact:Massimo Bellini BressiChief Executive OfficerEmail: mbellini@ (604) 741-0444 Disclaimer for Forward-Looking InformationThis news release contains forward-looking statements within the meaning of applicable Canadian securities laws. Forward-looking statements in this release relate to, among other things: the estimated driving range improvements for the Electric Truck under no-load and maximum payload conditions following the rebalancing procedure; the interpretation and implications of the Battery Range Performance Trials and the Rebalancing Trial; the technical capabilities and commercial potential of Prototype 2.0, including its ability to restore battery capacity and address cell imbalance in lithium-ion battery packs; the applicability of the technology to Class 3 electric trucks and other commercial electric vehicle platforms; the alignment between test results, manufacturer specifications, and industry standards; potential discussions and future commercial arrangements with the Electric Truck Authorized Distributor; the scale and condition of the Electric Truck Fleet; the development and implementation of standardized operating procedures (SOPs); user interface enhancements; the possibility of entering into a commercial manufacturing agreement; the broader market demand for cost-effective rebalancing solutions; the number of similar electric trucks currently in operation across various markets; the owners and holders of similar electric trucks; the battery degradation symptoms and potential state of cell imbalance of similar electric trucks; the potential market opportunity to be derived from similar electric trucks; and the Company's strategic objective to extend battery life and reduce total cost of ownership for commercial electric vehicle operators. These forward-looking statements reflect management's current expectations, estimates, projections, and assumptions as of the date of this news release and are based on a number of factors and assumptions believed to be reasonable at the time such statements are made, including without limitation: assumptions regarding battery chemistry behavior; repeatability of rebalancing results across similar battery packs and vehicle platforms; the continued accuracy of data provided by third-party distributors; the Company's ability to develop, test, and manufacture Prototype 2.0 at scale; and the successful negotiation and execution of commercial agreements and manufacturing agreements. Forward-looking statements are subject to known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to differ materially from those expressed or implied by such statements. Such risks and uncertainties include, but are not limited to: technical challenges in product validation or scalability; variability in battery performance across different conditions and chemistries; inability to replicate test results in other environments; delays or failures in entering into commercial or manufacturing agreements; lack of customer adoption; supply chain limitations; regulatory, legal, or operational constraints; and risks generally associated with early-stage clean technology companies. There can be no assurance that the Company will enter into any commercial arrangement with the Electric Truck Authorized Distributor or any other third party, that Prototype 2.0 will achieve commercial adoption, or that Battery X Metals Inc. or Battery X Rebalancing Technologies Inc. will realize any revenue from the initiatives described herein. Readers are cautioned not to place undue reliance on such forward-looking statements. Except as required by applicable securities laws, Battery X Metals Inc. undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Investors are encouraged to consult the Company's continuous disclosure filings available under its profile at for additional risk factors and information. SOURCE: Battery X Metals View the original press release on ACCESS Newswire Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
