Some of The Top Ways to Trade an Accelerating Electric Vehicle Boom August 27, 2021 - Baystreet.ca The electric vehicle boom is heating up – and fast. Not only do world leaders want millions of them on the roads to combat climate change, top auto companies are hoping to achieve sales of 40% to 50% of annual U.S. volumes of EVs by 2030, as noted in a General Motors (NYSE:GM) press release. That’s great news for companies such as NEO Battery Materials Ltd. (TSXV:NBM)(OTC:NBMFF), Tesla Inc. (NASDAQ:TSLA), Volkswagen (OTC:VWAGY), and Romeo Power Inc. (NYSE:RMO). In addition, the company added, “In addition, the company added, “General Motors is committed to a zero-emissions, all-electric future and has charted a path which aspires to eliminate tailpipe emissions from new light-duty vehicles by 2035. We are pleased to join in today’s joint statement of a shared aspiration of achieving 40-50% of annual U.S. sales volumes of electric vehicles by 2030. For GM, that means battery electric vehicles. To reach the high end of this range, we will continue to work with the Biden Administration, Congress, and state and local governments for implementation of supportive policies for the benefit of our workforce, our dealers, our customers and their communities.”NEO Battery Materials Could be One of The Top Beneficiaries, As Well.NEO Battery Materials Ltd. (TSXV:NBM)(OTC:NBMFF) just announced that the Company has received three additional prototype requests by global-tier battery materials and metals manufacturers and an automotive company. This follows the first samples of NEO’s silicon anode prototype shipped.Mr. Spencer Huh, President and CEO of NEO, commented, “Our proprietary Si anode materials have been garnering a greater amount of attention from all points and players in the lithium-ion battery value chain for electric vehicle applications. The synergistic relationship between NEO’s performance advantages and low-cost manufacturing process is of particular interest to the counterparties. With current developments to commercial-scale manufacturing, we are on-track and are confident to increase the silicon loading in the anode material for boosting the energy density and lifespan of state-of-the-art lithium-ion batteries.”NEO is currently in the process of manufacturing more prototype samples to meet the demand and is refining the prototype for further improvements in performance of the material. NEO will soon announce a trademarked name of the prototype for its first-generation silicon anode materials. In-house full cell evaluations are also underway with NEO’s silicon anode materials, and test results will be updated shortly. Full cell testing is inclusive of the cathode material to perform electrochemical evaluation in an environment that reflects more of the real-world setting.Mr. Sung Rock Hwang, former Samsung SDI Executive and Chief Operating Officer of NEO, added, “These are exciting times for NEO Battery Materials as our product is delivering what the industry is demanding for silicon anodes: longer run-time through minimal volume expansion, fast-charging levels, and low-cost production. The South Korean pilot plant will enable us to further extend the potential of collaboration with the battery cell giants and receive further validation for our product and process.”Other related developments from around the markets include:Tesla Inc. has released its financial results for the second quarter of 2021 by posting an update on its Investor Relations website. Please visit https://ir.tesla.com to view the update.General Motors Company welcomed U.S. Secretary of Energy Jennifer Granholm to Factory ZERO. Congresswoman Rashida Tlaib and Congresswoman Brenda Lawrence accompanied the tour. During the visit, GM highlighted Factory ZERO’s latest progress as it is retooled into the company’s first fully dedicated EV assembly plant with contiguous battery assembly. Factory ZERO will play a key role in advancing GM’s vision of a world with zero crashes, zero emissions and zero congestion.Volkswagen finished the first half of 2021 on a successful note thanks to efficient crisis management, strict cost discipline and systematic implementation of its ACCELERATE strategy. Despite the coronavirus pandemic and the semiconductor shortage, the number of vehicles delivered worldwide rose to around 2.7 million – 500,000 more than in the previous year. This increase was partly achieved through smart warehouse and supply management. Market share was also expanded in nearly all regions. Sales revenue climbed by 42 percent year-on-year to EUR 40.7 billion on the back of significant growth in sales volume (H1 2020: EUR 28.6 billion). Earnings improved by EUR 3.3 billion year-on-year to around EUR 1.8 billion, giving an operating return on sales of 4.4 percent.Romeo Power Inc. announced that its Board of Directors appointed Susan Brennan as President and Chief Executive Officer, effective as of August 16, 2021. Ms. Brennan brings to the role more than 30 years of experience as a global leader in the automotive and energy industries. She most recently held the role of Chief Operations Officer at Bloom Energy Corporation, a pioneering energy solutions business focused on decarbonization through innovation and environmental stewardship.Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. NEO Battery Materials Ltd. has paid three thousand five hundred dollars for advertising and marketing services to be distributed by Winning Media. Winning Media is only compensated for its services in the form of cash-based compensation. Winning Media owns ZERO shares of NEO Battery Materials Ltd. Please click here for full disclaimer.Contact Information:2818047972ty@LifeWaterMedia.com
Some of The Top Ways to Trade an Accelerating Electric Vehicle Boom August 27, 2021 - Baystreet.ca The electric vehicle boom is heating up – and fast. Not only do world leaders want millions of them on the roads to combat climate change, top auto companies are hoping to achieve sales of 40% to 50% of annual U.S. volumes of EVs by 2030, as noted in a General Motors (NYSE:GM) press release. That’s great news for companies such as NEO Battery Materials Ltd. (TSXV:NBM)(OTC:NBMFF), Tesla Inc. (NASDAQ:TSLA), Volkswagen (OTC:VWAGY), and Romeo Power Inc. (NYSE:RMO). In addition, the company added, “In addition, the company added, “General Motors is committed to a zero-emissions, all-electric future and has charted a path which aspires to eliminate tailpipe emissions from new light-duty vehicles by 2035. We are pleased to join in today’s joint statement of a shared aspiration of achieving 40-50% of annual U.S. sales volumes of electric vehicles by 2030. For GM, that means battery electric vehicles. To reach the high end of this range, we will continue to work with the Biden Administration, Congress, and state and local governments for implementation of supportive policies for the benefit of our workforce, our dealers, our customers and their communities.”NEO Battery Materials Could be One of The Top Beneficiaries, As Well.NEO Battery Materials Ltd. (TSXV:NBM)(OTC:NBMFF) just announced that the Company has received three additional prototype requests by global-tier battery materials and metals manufacturers and an automotive company. This follows the first samples of NEO’s silicon anode prototype shipped.Mr. Spencer Huh, President and CEO of NEO, commented, “Our proprietary Si anode materials have been garnering a greater amount of attention from all points and players in the lithium-ion battery value chain for electric vehicle applications. The synergistic relationship between NEO’s performance advantages and low-cost manufacturing process is of particular interest to the counterparties. With current developments to commercial-scale manufacturing, we are on-track and are confident to increase the silicon loading in the anode material for boosting the energy density and lifespan of state-of-the-art lithium-ion batteries.”NEO is currently in the process of manufacturing more prototype samples to meet the demand and is refining the prototype for further improvements in performance of the material. NEO will soon announce a trademarked name of the prototype for its first-generation silicon anode materials. In-house full cell evaluations are also underway with NEO’s silicon anode materials, and test results will be updated shortly. Full cell testing is inclusive of the cathode material to perform electrochemical evaluation in an environment that reflects more of the real-world setting.Mr. Sung Rock Hwang, former Samsung SDI Executive and Chief Operating Officer of NEO, added, “These are exciting times for NEO Battery Materials as our product is delivering what the industry is demanding for silicon anodes: longer run-time through minimal volume expansion, fast-charging levels, and low-cost production. The South Korean pilot plant will enable us to further extend the potential of collaboration with the battery cell giants and receive further validation for our product and process.”Other related developments from around the markets include:Tesla Inc. has released its financial results for the second quarter of 2021 by posting an update on its Investor Relations website. Please visit https://ir.tesla.com to view the update.General Motors Company welcomed U.S. Secretary of Energy Jennifer Granholm to Factory ZERO. Congresswoman Rashida Tlaib and Congresswoman Brenda Lawrence accompanied the tour. During the visit, GM highlighted Factory ZERO’s latest progress as it is retooled into the company’s first fully dedicated EV assembly plant with contiguous battery assembly. Factory ZERO will play a key role in advancing GM’s vision of a world with zero crashes, zero emissions and zero congestion.Volkswagen finished the first half of 2021 on a successful note thanks to efficient crisis management, strict cost discipline and systematic implementation of its ACCELERATE strategy. Despite the coronavirus pandemic and the semiconductor shortage, the number of vehicles delivered worldwide rose to around 2.7 million – 500,000 more than in the previous year. This increase was partly achieved through smart warehouse and supply management. Market share was also expanded in nearly all regions. Sales revenue climbed by 42 percent year-on-year to EUR 40.7 billion on the back of significant growth in sales volume (H1 2020: EUR 28.6 billion). Earnings improved by EUR 3.3 billion year-on-year to around EUR 1.8 billion, giving an operating return on sales of 4.4 percent.Romeo Power Inc. announced that its Board of Directors appointed Susan Brennan as President and Chief Executive Officer, effective as of August 16, 2021. Ms. Brennan brings to the role more than 30 years of experience as a global leader in the automotive and energy industries. She most recently held the role of Chief Operations Officer at Bloom Energy Corporation, a pioneering energy solutions business focused on decarbonization through innovation and environmental stewardship.Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. NEO Battery Materials Ltd. has paid three thousand five hundred dollars for advertising and marketing services to be distributed by Winning Media. Winning Media is only compensated for its services in the form of cash-based compensation. Winning Media owns ZERO shares of NEO Battery Materials Ltd. Please click here for full disclaimer.Contact Information:2818047972ty@LifeWaterMedia.com