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Greetings and welcome to the end of the week (if you’re reading this the day I’m sending it, that is).
And welcome to a data-packed article about the future of the electric vehicle (EV) industry and the batteries that power those vehicles…
You see, I’ve been immersed in this market for years and have made a tidy profit on some of my investments in EV makers, charger manufacturers, and even lithium miners.
But I’m convinced that I recently found the company that’s going to give me my biggest, and perhaps the market’s biggest, EV gain yet.
And I want to share it with you today. But first, I want to give you some background information so you understand why this company and it’s products are so impressive…
Number One (by Default)
And the first bit of information is about the current generation of EV batteries. These are what’s known as lithium-ion batteries.
Lithium-ion batteries are incredible. They pack a ton of power, hold it for a long time, and can be recharged a bunch.
But they’re not perfect. They weigh a ton because they’re filled with liquid.
That liquid expands and contracts as it heats and cools, which causes cracks in the batteries, which lead to explosions when that volatile lithium-ion solution comes into contact with oxygen.
They take a long time to charge, and when it comes to high-power applications like running a car, they don’t last as long as many drivers wish they would.
Average ranges on today’s EVs run the gamut from 110 miles on a full charge to well over 300 miles.
But that’s still short in comparison to what you can get out of a tank of gas and a 1989 Accord.
And when it comes to “filling up” today’s EVs, while that Accord takes all of five minutes, even with the fastest EV chargers out there, it’ll take you at least an hour to get enough juice to go 200 miles or so.
If you’re charging at home and have the most powerful home chargers available, it’ll take about eight hours to get that 200 miles of range.
And if you’re using the lowest-level home charger, you’re going to be looking at a couple of days to get your battery back up to a level where it can carry you 200 miles.
Then there’s the degradation every time you charge the battery. That cuts into its lifetime every time you plug it in to charge it up.
That’s why most EV batteries have an estimated lifetime of 500 full cycles (from 100% to 0% to 100%). But most manufacturers put in safeguards so that the batteries never hit 0% and won’t charge all the way to 100%.
This little trick extends that average life out to about 1,500 cycles from 10% to 80%. But that’s not a full cycle, and that’s the figure we’re interested in for comparison.
But if you take the average amount of actual full cycles and multiply it by the average range those batteries offer, you get about 100,000 miles before you need a new battery in the average EV.
So they’re heavy, they’re explosive, they take a long time to charge, they won’t get you incredibly far down the road, and they wear out almost as fast as a set of back tires on a Corvette Stingray.
But they’re the best option we have, so they’re what we use.
Coming for That Number One Spot
But that’s all about to change, and a recent announcement from a major automaker just let the investment world know when…
You see, there are a lot of companies and researchers out there working on a better way to power electric vehicles.
Some are experimenting with new materials like graphene. Others are mixing up new combinations of old metals to see if they can make a better mousetrap with the same parts.
Still more are trying to take the lithium-ion battery to the next level. And it’s one of those companies that this major automaker is so excited about…
That’s because up until last week, the only people who’d ever tested or even seen this new battery were the people who developed it.
And while their test results were phenomenal, they were testing their own baby. So investors had a right to be concerned that there could be some bias in the results.
But this automaker is the battery company’s biggest investor, so when it insisted on third-party testing, there wasn’t much the scientists and engineers could do but say, “Sure thing.”
And that’s exactly what they did… because they already knew what the results were going to show…
Because they’d already run all of those exact same tests themselves. And they presented honest results.
So the third-party testing went on as requested. And the results were released last week…
They were nothing short of phenomenal! Actually, even better than the internal testing has suggested.
Underpromise, Overdeliver
It seems like the creators were being conservative about how brilliant their design really was…
This new battery retains 95% of its energy capacity after over 1,000 FULL charging cycles.
That means this company doesn’t have to play the same tricks to get more than 500 cycles out of its batteries.
Drain them, fill them, drain them again. You can do it 1,000 times and they’ll still be practically fresh out of the box and brand spanking new.
It means that while the current crop of batteries can get about 100,000 miles in their LIFETIME, these new batteries will get 500,000 without hardly losing any range at all!
On top of that, they recharge from completely drained to completely full and ready to roll in an astonishingly fast 15 minutes!
In the time it’ll take you to get a cup of coffee and wait for a breakfast sandwich from Starbucks, your car could be almost fully charged and you’d be ready to roll for another few hundred miles.
Oh yeah, that’s another thing these tests revealed: The range on these batteries just blows everything else completely out of the water.
We’re talking about 500 miles on a battery half the size of what today’s crop would need to be.
So, in the same size battery, this company can pack more than twice the range… Just imagine what that kind of power will do to ease the range anxiety that keeps many folks from buying an EV.
And to add a cherry to an already delicious sundae, the batteries cost far less to manufacture, and therefore to buy, than the competition.
And that’s because, while they still use lithium, they use a whole lot less of it and use it a whole lot more efficiently.
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