Battery Innovator Teams Up With VW
For the last few weeks, I've been writing about a young, almost unheard-of Canadian technology company that's working to improve and revolutionize the cathode — the biggest and most expensive single component of modern lithium-ion batteries.
If successful, these innovations would not only lead to a better, longer-lasting, more dependable product, but also one that's quicker, more efficient, and cheaper to produce.
But just how important is the evolution of the battery to the modern world?
You already know that almost everything you use on a daily basis, from the moment you get up and check your phone, runs on them.
With every passing year, more and more of the vehicles on our roads run exclusively on them.
Even homes and commercial buildings are installing giant lithium-ion batteries to store unused energy in the event of a power failure.
Money From the Canadian Government
Well, last week, a tiny tech company based in Western Canada issued a press release that did perhaps the best job yet of illustrating just how vital this technology is viewed by those with the biggest dog in the fight.
On May 31, the company announced that it had been selected as a recipient of a $5 million funding package from Sustainable Development Technology Canada, a foundation created by the Canadian government specifically for the purpose of funding the development of clean technologies.
Since its inception, SDTC has awarded more than $1 billion in funding and has been credited with the creation of more than 12,000 jobs.
Battery design sits at the heart of this quest, and the fact that this company was recognized by an organization of SDTC’s size and authority is a clear indicator of just how valuable its work is being viewed by the industry.
But the press release went a step further.
The VW Connection
During the interview with the CEO, it was further revealed that this tiny company, which today continues to trade for less than $100 million in total market capitalization, has taken on a new collaborative effort with one of the biggest brands in the world: Volkswagen.
As the world's biggest auto producer, VW Group is also one of the fastest-rising players in electric vehicle design.
After its clean diesel debacle, which cost the company $14 billion in a class action settlement back in 2016, VW has redoubled its efforts to aggressively pursue the development of non-ICE driven vehicles.
These efforts are already yielding results.
On June 4, the company announced that it already had more than 20,000 preorders for its first all-electric vehicle, the ID.3, which is scheduled for release next year.
More than half of those preorders came in the first 24 hours.
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Building Momentum for an All-Electric Future
Might not sound like much compared to some of the numbers Elon Musk was tossing around when the Tesla Model 3 was first announced, but it's important to consider that the ID.3 is $8,000 cheaper than the Model 3 and, with a giant like VW behind it, will most likely not suffer from the same production and delivery woes that have plagued every Tesla product.
The ID.3, which is just the first of many planned all-electric models, just might achieve what Elon Musk can only dream about in his tweets: to bring the EV within reach of the average car buyer.
To pave the way for this revolution in personal transportation, just this morning, VW announced its plans to install 36,000 charging stations throughout Europe by the year 2025.
I don't think I have to go into detail explaining just how game changing it is to have a giant like VW in your corner at this crucial juncture in the history of battery design.
Partners and Patents
VW joins a lineup of two other major firms now working closely with this battery maker.
The other two are Pulead Technology Industry, one of China’s leading Li-ion battery cathode producers; and the $40 billion revenue-per-year French multinational Saint-Gobain S.A.
With backing like that, it's hard to even begin to predict where the future will take this small Canadian tech firm, but one thing is certain: Its patents and the products derived from them will change the industry.
There is too much to say about this company in a single article, so I took the next step and put together a full-scale report covering the technology and the investment potential.
It's free to you and available for immediate access.
Fortune favors the bold,
Coming to us from an already impressive career as an independent trader and private investor, Alex's specialty is in the often misunderstood but highly profitable development-stage microcap sector. Focusing on young, aggressive, innovative biotech and technology firms from the U.S. and Canada, Alex has built a track record most Wall Street hedge funders would envy. Alex contributes his thoughts and insights regularly to Wealth Daily. To learn more about Alex, click here.
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