OTCQX:ILIKF - Post by User
Comment by
TopStockBuyon Sep 11, 2021 11:38am
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Post# 33844982
RE:New Battery technology
RE:New Battery technologyThis will take off big irregardless of Tesla. Every auto manufacturer worldwide is going electric and EV's aren't even the largest market for Solid State. The Consumer electronics market is 1000 times bigger and the margins are 100 times greater. It costs $4 to build a battery that you pay $80 for at Home Depot. An EV battery is 30%+ the cost of a vehicle. The larger the battery, the smaller the margin. The same Golliath technology will be used in consumer electronics on a much smaller scale.
Ilika expects to have a EV solid state working prototype in 18months that will be sold for testing. Once proven, they will license it for mass production in a gigafactory. They are currently over 200 KWh and expect to surpass 400 KWh (current lithium ions). More power, half the density. These batteries will double the mileage of all EVs and charge in a fraction of the time.
Ilika is possibly the most advanced in Solid State Technology. They currently produce Stearix solid state batteries which are mainly used in medical implanted devices. Scalling up is less chanlenging for this company as opposed to the competition, although still a major challenge.
This company has a marketcap of less than 500Million. Their competitors are closer to $10Billion. Ilika has new production facility for Stearix that will go into production in 2022. Ground floor opportunity here.