The material that will revolutionise EVs as we know them – Nexeon [Yahoo! Finance]
SUMITOMO CHEM UNSP/ADR (SOMMY)
NASDAQ:AMEX Investor Relations:
sumitomo-chem.co.jp/english/ir
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Source: Yahoo! Finance
In fact, around 1.6 million EVs were sold in the U.S. in 2023 — increasing 60% from 1 million sold in 2022. As consumers demand better mileage and cost efficiency out of their vehicles – with 77% of consumers citing saving money on fuel as the top reason they'd consider purchasing an electric vehicle – automotive manufacturers are striving to integrate the most efficient, durable and compact battery available to stay ahead of the competition. The answer to these demands isn't in traditional lithium-ion batteries with graphite anodes, it's in silicon-based anodes – delivering increased energy density in a smaller, more compact battery. Battery cell and automotive OEMs (original equipment manufacturers) are increasingly looking towards implementing Gen 2 silicon-anode technology – to solve some of the historical challenges associated with silicon battery production and materials. Gen 2 silicon-anode technology enables dramatically higher energy density, while mitigating silicon expans
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