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Brazil's CBMM starts testing ultra-fast charging batteries in Volkswagen bus [Yahoo! Finance]

Itau Unibanco Banco Holding SA American Depositary Shares (Each repstg 500 Preferred shares) (ITUB) 
Last itau unibanco banco holding sa american depositary shares (each repstg 500 preferred shares) earnings: 2/11 04:01 pm Check Earnings Report
US:NYSE Investor Relations: itau.com.br/investor-relations
Company Research Source: Yahoo! Finance
that it claims can be charged way faster than the others in the market, the companies said on Wednesday. CBMM, backed by Brazilian billionaire family Moreira Salles, which also runs lender Itau Unibanco, hopes the project could help it reach its target of multiplying nearly ninefold its battery unit revenue, to $100 million by 2026, its executives told Reuters. The company sells niobium products to steelmakers as its main business, but CBMM has been looking to diversify its revenue sources. It launched on Wednesday at an event in its Araxa plant a prototype of the new ion battery, developed alongside Toshiba and made with lithium and niobium. CBMM's executive commercial manager at the battery division, Rodrigo Amado, told Reuters the technology used in the battery allows it to be fully recharged within ten minutes when used in a electric bus. A conventional battery takes three to eight hours to be fully recharged, according to the executives. For now, the product will be t Show less Read more
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