The Supply Cannot Meet the Demand for Batteries Powering EVs and Renewable Energy…
But This Game-Changing Company May Be as Well-Positioned as Any
A Deloitte report states that total EV sales are expected to grow from approximately 2.5 million in 2020 to around 11.2 million in 2025, then reach about 31.1 million by 2030. Another projection from BNEF expects passenger EV sales to rise to 56 million vehicles by 2040.
But without a sufficient supply of minerals such as lithium and quality technology to produce enough high-quality, long-lasting, and eco-friendly batteries, the potentially $3 trillion EV market could all but grind to a halt.
The Top Reasons to Consider Extreme Vehicle Battery Technologies (CNSX: ACDC)
1. A Deloitte report states that total EV sales are expected to grow from approximately 2.5 million in 2020 to around 11.2 million in 2025, then reach about 31.1 million by 2030. Another projection from BNEF expects EV sales to grow to 56 million vehicles by 2040.
2. Without a sufficient supply of minerals such as lithium and quality technology to produce enough high-quality, long-lasting, and eco-friendly batteries, the potentially $3 trillion EV market could all but grind to a halt.
3. Energy Storage Capacity in the US is expected to grow 12x by 2024 to a market value of $5.3 billion. In developed countries, by 2024, the market could grow 40x.
4. The Battery Management System Market could potentially be worth $12.6 Billion by 2024.
5. Extreme Vehicle Battery Technologies is well-positioned to meet this growing demand through an AI-based patented battery management system, real-time monitoring, eco-friendly ecosystem, and cutting edge storage system.
6. A strategic partnership with an industry leader sets Extreme Vehicle Battery Technologies up for a potentially robust 2021 and beyond.
With all of the tailwinds indicating robust growth potential for the EV market, interest appears to have increased for companies such as Extreme Vehicle Battery Technologies (CNSX: ACDC).
As Tesla is set to officially join arguably the most prestigious large-cap stock index in the world (S&P 500) after markets close on December 18th, this is only one sign of the surging demand for electric vehicles. While Tesla is now the most valuable automaker in the world and will be the 7th largest company on the S&P 500 from day 1, more and more EV companies are going public, while established automakers adopt EV models. With governments promoting the adoption of EVs, as state pension funds and national pension funds divest from oil and fossil fuels, it is no wonder that EV sales are forecasted to balloon.
However, without a sufficient supply of minerals such as lithium and quality technology to produce enough high-quality, long-lasting, and eco-friendly batteries, the potentially $3 trillion EV market could all but grind to a halt.
According to research from BloombergNEF, lithium demand could increase by approximately 9x. Additionally, Energy Storage Capacity in the US is expected to grow 12x by 2024 to a market value of $5.3 billion while the market could grow 40x over the same period in developed countries. Specifically, the Battery Management System Market could potentially be worth $12.6 Billion by 2024.
The problem in 2020 though, is that the current tech for lithium-ion batteries is not sufficient enough to keep up with demand.
Why is this tech not sufficient enough to keep up with the demand? Batteries, first and foremost, require expensive lab-based testing to effectively diagnose issues. Furthermore, because testing is so long, expensive, and inefficient, overpriced/costly replacements are unfortunately the normal solution. Additionally, because used batteries are terrible for the environment, what is the point of moving on from “dirtier energy” if the supposed “cleaner energy” EVs are no better for climate change? Lastly, EV battery warranties cover 8 years and can cost companies millions.
Because of this, the market has shifted its focus to better and longer-lasting batteries. Additionally, batteries that are more technologically advanced, eco-friendly, and efficient, are desired by EV automakers and consumers alike.
This is where Extreme Vehicle Battery Technologies comes into play.
How Can Extreme Vehicle Battery Technologies Solve These Problems?
Major technological advancements are required to meet the ever-growing and evolving demands for EV batteries. Through an AI-based patented battery management system, real-time monitoring, an eco-friendly ecosystem, and cutting edge storage system, Extreme Vehicle Battery Technologies is well-positioned to meet these growing needs and demands. All with the end goals of accomplishing the following:
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• More efficient batteries
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• A recycling system for batteries
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• Larger storage of energy
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• Longer battery life
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• Better monitoring systems
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• Faster and more efficient charging
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• Better maintenance systems
Revolutionary AI-based Patented Battery Management System
What sets up Extreme Vehicle Battery Technologies for success is the fact that it is using artificial intelligence to create a one-of-a-kind, proprietary, and patented battery management system (BMS). Through AI, the company is applying over 5-years of data from hundreds of thousands of EVs in the world’s largest markets. With this AI, the company has created a BMS that “learns” and improves in real-time and one that is fully scalable to any BMS application.
This system first and foremost aids batteries in having a longer life span through real-time power routing options to avoid and minimize damage. The system also excludes and isolates individual damaged cells, and re-routes to exclude the bad cells with a notice for routine maintenance to repair or replace.
Additionally, the system promotes more efficient battery usage through absolute differentiation of individual cell issues in real-time, constant power optimization and flow control, and life extension, charge extension, and massive cost savings.
Extreme Vehicle Battery Technologies’ battery system also has a patented more accurate and reliable method of predicting failure, real-time monitoring, observance, and maintained oversight of batteries, and industry-first remote maintenance protected by multiple patents.
The Company’s Real-Time Monitoring Could be Game-Changing
One of the biggest benefits of Extreme Vehicle’s cutting-edge BMS is its real-time monitoring capabilities.
The company’s system allows real-time monitoring on top of an advanced review of individual cell degradation. The system then applies AI to the data collected to improve technology. With this real-time monitoring, it also allows for less downtime, more efficiency, instant notification of issues, remote repair of hardware and software, and better usage of both maintenance and human expenses.
To sum it all up? Even greater intelligence can be built over time while giving batteries increased longevity- one of the biggest pain points of today’s battery market.
Extreme Vehicle Battery isn’t Just Talking About Being Eco-Friendly- They Practice What They Preach
Extreme Vehicle Battery Tech uses exclusively used and recycled batteries in all of their solutions. This is especially crucial for the growth of the EV market. EV consumers want to help reduce carbon emissions and combat climate change- this is indisputable. But for that to truly be accomplished, it is very important to effectively use and recycle used batteries. Used batteries are terrible for the environment- so then what is the point of moving on from “dirtier energy” if the supposed “cleaner energy” EVs are no better for climate change?
The e-waste situation is only getting worse too- despite the general public becoming more environmentally conscious. The amount of e-waste generated is expected to exceed 50 million tons by 2020, with annual growth between 4% and 5%. But if you think this is bad now, wait until 2050 when it’s expected to more than double to around 111 million tons. To show how truly dire this is, in 120 countries, annual e-waste EXCEEDS their annual GDPs, while only 20% of e-waste is recycled worldwide.
Through its eco-friendly usage of used batteries, Extreme Vehicle Battery Tech comes is solving yet another crucial problem.
Smart Energy Storage Systems and Metadata, and Charging Stations Also Give Extreme Vehicle Battery Technologies an Edge
With its smart energy storage systems, the company is perfectly positioned to aid in renewable energy, buildings, back up systems, and remote industrial operations. However, what might be arguably even more exciting is its metadata capabilities.
Metadata is a multi-billion dollar market, and could quietly become the most valuable aspect of the business. With each client, with each battery, and with each solution, Extreme Vehicle Battery Technologies gathers metadata in real-time. This metadata combined with AI increases the efficiency and performance of its operations, and also assists with future battery design.
Lastly, as the global electric vehicle charging station market size is expected to surpass over $39.2 billion by the end of 2027 and witness a CAGR of 40.7%, Extreme Vehicle Battery’s offering is arguably the perfect solution for the perfect time.
Its Strategic Partnership With Rich Power Also Sets it Up for Success
Extreme Vehicle Battery Technologies recently formed a strategic partnership with Rich Power. Rich Power is a global leader in BMS and ESS technology and innovation. With this partnership, Extreme Vehicle Battery Technologies now has access to full facility automation production and research with an IS9001/TS16949 quality management system. Additionally, between the two companies, there are 70 + patents and software copyrights including 7 authorized invention patents. There are also more than 20 utility model authorizations, and more than 10 software copyrights directly related to BMS and ESS.
Key Takeaways for Investors
Extreme Vehicle Battery Technologies couldn’t be operating at a better time. Although numerous tailwinds are indicating robust growth potential for the EV market, there are significant headwinds regarding the industry’s scalability, and ability to meet supply with demand. This is where Extreme Vehicle Battery Technologies comes into play. Extreme Vehicle Battery Technologies solves the problem of having enough high-quality, long-lasting batteries. It also solves the problem of making an eco-friendly business as eco-friendly as it possibly can. It also uses unique, proprietary, and cutting edge technology to oversee and operate as impressive and revolutionary a BMS as there is on the market. Most important, this is a company that with a key strategic partnership, can truly scale with the EV market, and eventually become a vital player to not only the growth of the industry but the survival of the industry as well.