Continued Developments With Their Graphene Batteries The more damage lithium-ion batteries cause due to their toxic nature, the more attractive graphene-based batteries become. Producing graphene at scale has led to challenges such as quality and cost, but that's where $GMG.V, Graphene Manufacturing Group, comes in. They're reinventing the process by utilizing natural gas rather than graphite while keeping the high purity required for batteries. With a priority on using their graphene to develop things such as HVAC coatings, automotive fluids, and batteries.
I want to focus on their graphene-aluminum batteries today since $GMG.V recently announced that they've commissioned and manufactured the batteries in pouch cell format (https://ca.finance.yahoo.com/news/gmg-commissions-g-ai-pouch-104200374.html). With demand for batteries continuing to skyrocket, this is a solid sign to solidify $GMG.V’s position as a competitor in the graphene market. Plus, subject to prototypes, a battery manufacturing facility will be constructed to begin mass production helping $GMG.V move into the next growth stage.
Now, how are graphene-aluminum batteries better than traditional/widely used lithium-ion?
- Up to 70x faster charging with 3x longer battery life.
- Simplified supply chain as lithium is becoming increasingly difficult to get alongside environmentally harmful extraction methods (also no cobalt, nickel, and other rare earth metals required). Only aluminum and natural gas are needed giving them an advantage on cost scalability.
- No significant fire risk is associated with their battery, unlike dangerous electrical fires caused by traditional batteries.
- Prototypes have already been sent, and the company has partnerships with some of the largest names in the industry (Rio Tinto and Bosch).
Financially, $GMG.V is in a good position as a pre-revenue company. They have a current ratio of 1.9 with $14M in cash/cash equivalents. With the share price still above $3 in a market like this, the company is showing stability at these levels due to the recent developments and potential here.