NEO Battery Materials Ltd. (“NEO” or the “Company”), a low-cost silicon anode materials developer that enables longer-running, rapid-charging lithium-ion batteries, reports that it has achieved a significant technology milestone in its nanocoating manufacturing process.
The new uniform nanocoating capability allows NEO’s proprietary silicon anode materials, NBMSiDE™, to extend EV driving ranges and prompt faster battery charging.
Ensuring Robust Capacity Retention
NEO has achieved the ideal nanocoating conditions to produce uniformly coated silicon particles consistently. As a result, uniform nanocoating layers will be an additional advantage to enhance the current performance achieved by NBMSiDE™.
Previously, non-uniform coatings often resulted in substandard capacity retention of NBMSiDE™ due to mechanical breakdown. The uniform nanocoating will ensure robust capacity retention and enable coating thickness control during commercial-level testing.
Dr. S. G. Kim, CTO of NEO, commented, “
Achieving uniform coating layers on the nanoscale is an exceptionally difficult task for a company of any size that handles chemical products. Especially for NEO, our metal silicon inputs take on a plate-shaped structure, which adds to the technical hurdle of enabling uniform coatings.”
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However, by achieving this uniform coating capability through an additional solution process, we have made a remarkable accomplishment and have amassed great interest from 3rd party industry experts and players,” added Dr. Kim.
Supplying 70% Cheaper Silicon Anodes
The transformational innovation will allow NEO to supply silicon anodes that are 70% cheaper compared to current competitors’ technologies. It is also underway filing additional patents related to the technology and additive materials for the uniform coating solution process.
Mr. Spencer Huh, president and CEO of NEO, added, “
With commercialization on track for 2024, this technology milestone marks another significant advantage for us in the battery industry. This uniform coating capability may also be applied to different chemical and battery materials, such as cathode materials.”
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At NEO, we aim to provide one of the most transformative, cost-effective battery technology solutions to encourage the mass adoption of electric vehicles,” added Huh.
Source: NEO Battery Materials Ltd.