An update from NEO Battery Materials Ltd ( (TSE:NBM) ) is now available.
NEO Battery Materials Ltd has introduced the NBMSiDE® P-300N, an advanced silicon anode prototype that boasts the highest capacity retention achieved to date. This mass-producible product is designed to improve battery stability while keeping production costs low. The P-300N is undergoing long-term performance testing and is expected to be a competitive solution for a wide range of applications. The company is scaling up for commercialization, aiming to produce near-commercial battery cells with global partners, leveraging the P-300N’s adaptability to existing manufacturing processes.
More about NEO Battery Materials Ltd
NEO Battery Materials Ltd is a developer of low-cost silicon anode materials designed to enhance the performance of lithium-ion batteries. The company focuses on creating longer-lasting, rapid-charging batteries, catering to various industries such as electronics, power tools, drones, electric vehicles, and energy storage systems.
YTD Price Performance: 7.89%
Average Trading Volume: 204,307
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$97.71M
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