Elon Musk UNVEILS New Battery Tech That Will STOP This EV Race!
Tesla enters into a partnership with an innovative new battery tech firm. Magnis Energy Technologies, an intriguing new battery technology business with headquarters in Australia, and Tesla have agreed to a partnership. It might develop into a significant business ally for the automaker. But, what exactly is the component of the new battery? Let’s find out and other Tesla updates!
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Today, Magnis revealed that it had partnered with Tesla in an arrangement for the offtake of anode active materials (AAM):
Magnis Energy Technologies Ltd (“Magnis”, or the “Company”) is pleased to announce that it has entered into a Binding Offtake Agreement with Tesla, Inc. (“Tesla”) for the supply of AAM beginning in February 2025 with fixed pricing.
In Tanzania, the business is building a graphite mine from which it hopes to obtain “ultra-high purity natural flake graphite.”
A minimum of 17,500 tpa will be purchased by Tesla starting in February 2025, and the manufacturer has the option to acquire up to 35,000 tpa for a minimum of three years at a set price, according the terms of the agreement.
Nevertheless, what’s remarkable about this situation is that Tesla isn’t merely purchasing graphite from Magnis. The transaction entailed Magnis constructing a US plant to generate the processed anode material (AAM), which it intends to purchase and which is based on the graphite:
The agreement is conditional on Magnis securing a final location for its commercial AAM facility by 30 June 2023, producing AAM from a pilot plant by 31 March 2024, commencing production from the commercial AAM facility by 1 February 2025, and customer qualification.
“A vertically integrated lithium-ion battery technology and materials firm,” is how Magnis describes itself.
The company is a member of the Imperium3 New York consortium of businesses, which is constructing a gigafactory for lithium-ion battery cells in New York, in addition to its graphite mining operation in Tanzania.
Magnis is also a partner and shareholder of C4V, a battery cell technology company situated in New York.
All of these connections to US-based battery projects may be helpful to Tesla as the manufacturer looks to procure a sizable quantity of battery cells to meet its goal of producing 20 million electric vehicles annually by 2030.
And now, let’s dig deeper into the components of EV batteries!
It’s okay if you were a child today’s age when you first learnt the difference between an anode and a cathode. Whether we’re servicing a water heater or replacing our own car or boat batteries, the majority of us don’t often deal with these concepts. Therefore there’s no need to look any further if you’re seeking for a story that clarifies the distinction in simple terms. Here, we’ll go over what an anode is, what a cathode is, how they both function, and when and when to use them.
Let’s start now!
When we talk about the negative electrode material, we’re talking about the raw materials used to make the negative electrode of a battery. The negative electrode of a lithium-ion battery is constructed of a paste glue that is equally applied to both sides of copper foil, cured, and rolled. The paste glue may be made of carbon or non-carbon negative electrode active materials.
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