Redondo Beach, CA – (NewMediaWire) – September 22, 2020 – SECFilings.com,
a leading financial news and information portal offering free real time public
company filing alerts, announces the publication of an article discussing the
electric vehicle and lithium-ion battery sectors. Ahead of Tesla’s Battery Day,
a major event in the electric vehicle and electric battery space, it might be
worth noting a couple of trends. First, the sector has shown explosive growth
recently, led by major companies like Tesla, Nikola Motors, and Nio. XPeng
Motors’ recent IPO was projected to price at $12, and it came out of the gate
quickly up to $21. CATL, a China-based global leader in EV battery production,
has nearly doubled in value since the beginning of 2020.
The second trend is the positive
but slightly lagging growth in smaller stocks in the sector. There is still
plenty of upside potential to be found by exploring industry niches filled with
lesser-known companies. That value may be unlocked by zeroing in on companies
with crucial technology that can advance the industry, and companies with
resources and connections that can enable significant market share. One company
meeting both of these criteria is Nano One Materials Corp. (TSX-V:
NNO) (OTC-Nasdaq Intl Designation: NNOMF) (Frankfurt: LBMB).
Nano One’s Niche
Nano One has developed, patented,
and scaled-up innovative processes that produce cathode active materials for
lithium-ion battery applications in electric vehicles, energy storage, and
consumer electronics. The company’s One Pot process reduces the cost of cathode
materials, and cathode materials make up about 22% of total battery costs,
representing the single largest segment of electric vehicle battery cost.
The patented manufacturing
technology, applicable to a wide variety of lithium-ion battery types, also
improves cathode durability while streamlining the standard production process.
One Pot processing also reduces the carbon footprint of cathode manufacturing,
making it even more attractive to an industry built on an environmentally
Nano One has announced partnerships
with heavy hitters in the industry like Volkswagen, Pulead, and Saint-Gobain.
It recently announced a joint development
agreement with a multi-billion-dollar Asian cathode material
producer which wishes to remain anonymous for competitive reasons.
Nano One also recently brought on mining
veteran Robert Morris to make inroads with metal producers and refiners in an
attempt to clean up the cathode materials supply chain, making it much more
efficient and environmentally sustainable. From the press release:
Nano One’s patented one-pot process
forms durable single crystal cathode powders and protective coatings
simultaneously and directly from non-sulfate metal salts. It is an aqueous
process that operates at room-temperature and atmospheric pressures, and it
eliminates the precursor step, and the extra coating steps completely while
keeping the sulfate stream at the refiner where it can be recycled. This aligns
Nano One with the sustainability objectives of automotive companies, investment
communities and governmental infrastructure initiatives. It also offers an
opportunity for nickel refiners to provide environmentally and sustainability
minded sources of nickel or to integrate and manufacture cost-reduced
value-added cathode powders for direct supply to battery manufacturers.
EV Stock Performance
A sampling of ETFs and stocks
associated with electric vehicles and batteries shows a pretty hot market
sector. The Global X Autonomous & Electric Vehicles ETF (NASDAQ: DRIV) has
recovered nicely from its COVID-related drop. It achieved a high of $14.79
prior to its precipitous fall to $9.82 on March 16, and closed September 18 at
$17.05. The fund offers a deep reach into the sector with exposure to component
makers mixed in with the major manufacturers. For instance, Tesla accounts for
just 3% of its weight.
Tesla, of course, went supernova
this year, rallying from $86.05 on January 2 to $442.15 on September 18.
Chinese EV maker Nio closed at $3.72 on January 2 but rocketed up to $19.41 on
September 18. These are, obviously, incredible growth rates almost beyond the
Nano One has also experienced
tremendous growth in value this year, but on a smaller scale. The stock closed
January 2 at $1.16, recovered nicely from a COVID dip, and rose all the way to
$3.30 on September 18. Upward momentum has been gaining since this summer as
the company’s plans to commercialize its technology begin to play out, but
there has yet to be a definitive commercial deal that could fuel an even
steeper climb. With a market cap in the range of CAD$260 million and the
potential for its One Pot process to revolutionize the manufacture of a wide
variety of lithium-ion batteries, there appears to be plenty of headroom in the
coming quarters for Nano One Materials Corp.
Please follow the link to read the
full article: http://www.secfilings.com/news/battery-day-still-plenty-of-headroom-for-lesserknown-electric-vehiclebattery-stocks-172
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