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Latest research and detailed material testing promise to enhance the manufacturing efficiency, reliability, and environmental sustainability of EV batteries SINGAPORE, May 8, 2024 /PRNewswire/ -- ENNOVI, a mobility electrification solutions partner, introduces an innovative cell contacting system (CCS) lamination approach. ENNOVI has qualified polyethylene terephthalate (PET) insulation foils and adhesives from multiple suppliers by testing them for their bond strength, durability, and environmental impact. As a result of this research, ENNOVI has a database of recommendations for the most effective material combinations, bypassing the trial-and-error approach that has long been a staple of the industry. ENNOVI Optimizes EV Battery Module Cell Contacting System Design with Advanced Capabilities Historically, the assembly of the CCS on battery cells has relied on cumbersome methods, including molded plastic trays and foams for positioning. While effective for positioning the cells and collectors, these methods introduce unnecessary weight and complexity, especially as module sizes increase. Recognizing the limitations of traditional practices, ENNOVI has pioneered the use of both hot and cold lamination processes, eliminating the need for these trays or foams. By recommending lamination material combinations, the company offers OEMs and Tier 1 suppliers a streamlined, more adaptable solution. "Our move towards lamination signifies a major leap in our ability to position collectors with precision, without the mechanical constraints imposed by conventional methods," Till Wagner, Product Manager for Energy Systems at ENNOVI, explains. "By curating a database of pre-tested PET foils and adhesives, we not only accelerate CCS design but also simplify the assembly process, opening up new possibilities for material and energy savings." The implications of ENNOVI's lamination advancements are far-reaching. The company's ability to offer hot or cold lamination processes positions it uniquely in the market, providing enhanced flexibility and efficiency to global OEMs and Tier 1 suppliers. By optimizing the selection of PET foils and adhesives, ENNOVI is improving the structural integrity and lifespan of EV battery modules and reducing manufacturing cycle times and environmental footprint. As the industry moves towards more sustainable, efficient manufacturing practices, ENNOVI's innovations are poised to lead the charge in the next generation of EV battery module design and assembly. The company focuses on methods that reduce or eliminate the need for glue, thereby addressing concerns over longevity, environmental impact, and manufacturing efficiency. "Our goal is to move beyond traditional adhesives, leveraging cutting-edge techniques to achieve a stronger, more sustainable bond," says Wagner. For more information about ENNOVI and its lamination technologies, please visit: here About ENNOVI: ENNOVI, a Mobility Electrification Solutions Partner, is a world leader in designing and manufacturing customized interconnect and high-precision system solutions for electric vehicles. The company is fully dedicated to the mobility market with the agility to act at speed in realizing EV OEMs' needs, from product, process, and manufacturing, on a global level. ENNOVI is accelerating EV market customers' ideas and requirements through end-to-end competencies in battery platform, power and signal interconnect needs. Headquartered in Singapore, ENNOVI has more than 8,000 employees across 15 locations globally, where all its activities are socially responsible, with minimal environmental impact. ENNOVI. Electrify faster. Learn more at www.ennovi.com. Press Contacts: ENNOVISelvan WilhelmSelvan.Wilhelm@ennovi.com Agency Contact: Publitek USErin McMahonerin.mcmahon@publitek.com Publitek GermanyCarsten Ottecarsten.otte@publitek.com
SHANGHAI, April 8, 2024 /PRNewswire/ -- U Power Limited (Nasdaq: UCAR) (the "Company" or "U Power"), a vehicle sourcing services provider with a vision to becoming a comprehensive EV battery power solution provider in China, today announced that its battery-swapping and sharing model for two-wheeled and light four-wheeled electric vehicles (EVs) is poised for a formal commercial rollout in Wuhu, Anhui Province, China. The rollout, which is expected to take place during April 2024, follows a successful round of market validations in February. As part of this expansion, U Power plans to establish 60 power-swapping service points which will cater to over 800 customers. The battery-swapping and sharing technology for two-wheeled and light four-wheeled EVs involves the use of identical battery cells and packaging methods. The battery packs for both types of EV are stored in a single battery-swapping station (BSS). When customers need to swap batteries, they can take one to two battery modules for two-wheeled EVs, or four to eight modules for light four-wheeled EVs. The battery-swapping process is straightforward and user-friendly, with the user verifying their identity at the BSS with their mobile phone and following a series of simple prompts to access and swap their batteries. Mr. Jia Li, Chief Executive Officer and Chairman of the Board, commented, "Our battery-swapping and sharing model for two-wheeled and light four-wheeled EVs has garnered an excellent response from the market since its market validation in February. Through our collaborations with global partners leading up to this innovative launch, we have gained valuable insights into metrics including battery replacement frequency and daily vehicle mileage through our operational platform data. Notably, we have observed that the average daily mileage of a vehicle utilizing battery-swapping significantly surpasses that of vehicles which use traditional charging. This indicates that the battery-swapping model genuinely enhances the efficiency of our customers' vehicles, allowing customers to spend less time charging and more time travelling. With market validation complete, we are now more confident than ever in our battery-swapping and sharing system. In addition to further developing our business in the Chinese market, we also aim to expand our reach into Southeast Asia, South America, and beyond, ultimately delivering quality services to our customers and superior returns to our shareholders." About U Power Limited U Power Limited is a vehicle sourcing services provider, with a vision to becoming an EV market player primarily focused on its proprietary battery-swapping technology, or UOTTA technology, which is an intelligent modular battery-swapping technology designed to provide a comprehensive battery power solution for EVs. Since its operation in 2013, the Company has established a vehicle sourcing network in China's lower-tier cities. The Company has developed two types of battery-swapping stations for compatible EVs and is operating one manufacturing factory in Zibo City, Shandong Province, China. For more information, please visit the Company's website: http://ir.upincar.com/. Forward-Looking Statements This press release may contain "forward-looking statements". Forward-looking statements reflect our current view about future events. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as "may," "will," "could," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "is/are likely to," "propose," "potential," "continue" or similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and other filings with the U.S. Securities and Exchange Commission. Contact U Power LimitedInvestor Relations DepartmentEmail: ir@upincar.com Robin Yang, PartnerICR, LLCEmail: UPower.IR@icrinc.com Phone: +1 (212) 475-0415
Between operational and announced projects, annual recycling capacity will greatly surpass the expected 341,000 EV-equivalents of batteries available for recycling NEW YORK, March 13, 2024 /PRNewswire/ -- Heavy investment from the private sector and the U.S. government has led to plans for battery recycling outpacing demand. According to new research from global technology intelligence firm ABI Research, U.S. Electric Vehicle (EV) battery recycling plants plan to have the capacity to recycle 1.3 million EV-equivalents of batteries annually, but only 341,000 will be available by 2030. "There are concerns about a lack of capacity for EV battery recycling, but the opposite is true. Current plans for recycling plants see capacity greatly outstripping the supplies of waste batteries. This will lead to uneconomic utilization rates or, more likely, a delay or scaling down in recycling projects," says Dylan Khoo, Electric Vehicles Industry Analyst at ABI Research. In 2030, around one-third of waste EV batteries will be end-of-life batteries installed in cars, having reached the end of their useful lives, and are then recycled. The rest will come from factory scrap: batteries that do not pass quality control on production lines and go directly to recycling. For the planned battery recycling plants to reach a viable utilization rate, there must either be a massive reduction in EV battery lifespans or a gigafactory yield rate, neither of which is likely. Given the expected shortage of waste EV batteries, battery recyclers must be highly competitive to win. A superior recycling process, such as Ascend Elements' more efficient hydro-to-cathode direct recycling process, could be a key advantage. Recyclers that are also building up a supply chain of non-recycled materials to ensure a consistent output of processed materials, such as Redwood Materials, will also be better poised to make it through the supply shortage without scaling back their plans. "We expect to see a revision of recycling plant plans to account for the shortage of waste EV batteries and an increase in demand for these batteries, which will put pressure on recyclers. This will have knock-on effects, further weakening the business case for second-life applications, as used batteries are more likely to go directly to recycling rather than be reused," concludes Khoo. These findings are from ABI Research's Securing the EV Supply Chain: Battery Recycling in the United States application analysis report. This report is part of the company's Electric Vehicles research service, which includes research, data, and ABI Insights.. Based on extensive primary interviews, Application Analysis reports present an in-depth analysis of key market trends and factors for a specific technology. About ABI Research ABI Research is a global technology intelligence firm uniquely positioned at the intersection of technology solution providers and end-market companies. We serve as the bridge that seamlessly connects these two segments by providing exclusive research and expert guidance to drive successful technology implementations and deliver strategies proven to attract and retain customers. ABI Research是一家全球性的技术情报公司，拥有得天独厚的优势，充当终端市场公司和技术解决方案提供商之间的桥梁，通过提供独家研究和专业性指导，推动成功的技术实施和提供经证明可吸引和留住客户的战略，无缝连接这两大主体。 For more information about ABI Research's services, contact us at +1.516.624.2500 in the Americas, +44.203.326.0140 in Europe, +65.6592.0290 in Asia-Pacific, or visit www.abiresearch.com. Contact Info: GlobalDeborah PetraraTel: +1.516.624.2558pr@abiresearch.com
Digital Product Passports will raise supply chain transparency, verify battery quality, and enhance circular material sourcing and responsible manufacturing LONDON, Feb. 6, 2024 /PRNewswire/ -- Amid a growing demand for sustainable choices, businesses and consumers face challenges in making informed decisions due to data gaps in supply chains. The Digital Product Passport (DPP), pioneered by the European Union, aims to simplify this task. Between 2026 and 2027, DPPs will be first implemented in the greatest environmental impact product group, batteries & vehicles. According to global technology intelligence firm ABI Research, in 2027, over 5 million BEVs will be sold with a Battery Digital Passport in Western Europe, where global manufacturers will have to start creating battery Life-Cycle Assessments (LCAs) by 2025. LCAs provide the critical information needed to generate Battery Passports. "The Digital Product Passport will be a game-changer promoting traceability, material and energy efficiency, and repair-based business models," says Rithika Thomas, Sustainable Technologies Industry Analyst at ABI Research. The Battery Digital Passport is a digital twin of the battery, which stores information about the battery with a QR code, serial number, and supporting unique verification documents to demonstrate the circular flow of resources from raw mineral extraction to material production, manufacturing, operation, and recycling. The battery passport aims to be a global one stop verification for battery quality and responsible manufacturing." Successful DDPs rely on strategic data management across ecosystem players. Manufacturers must invest in robust tools for supply chain data and disclosures to unlock the full potential of DPPs. Initiatives like the Global Battery Alliance, with partners such as Audi and Tesla, along with Circularise, Circulor, Minespider, Minviro, and Siemens, prototype Battery Passports to enhance transparency in the battery value chain, reshaping the EV battery industry for a circular and sustainable future. As technology advances, secondary ecosystems, like the recycling market and second-life batteries, will thrive, offering significant carbon emissions advantages in applications such as stationary storage for photovoltaic systems, emergency power supplies, or power buffers for fast charging. DPPs are an emerging technology within the circular economy framework. Diversifying data collection and applications in consumer goods, construction, apparel, and food sectors through solutions like those from Avery Dennison, Kezzler, PSQR, 3E, Madaster, and Circuland expands long-term business opportunities. Using DPP for customer engagement and showcasing sustainability commitment ahead of product-specific regulations is crucial. Detailed product information communicates a company's dedication to sustainability, quality, regulations, and transparency. "DPP facilitates data collection, collaboration, and informed decision-making, optimizing production and identifying cost-saving and circularity opportunities. Recognized as powerful tools for transparency, digital product passports aggregate lifecycle information on a common platform. Proactive companies gain investment, customer acquisition, regulatory influence, transparency improvement, and operational compliance benefits through sustainability reporting and data transparency," Thomas concludes. These findings are from ABI Research's Digital Product Passports: Tech-Driven Sustainability and Traceability for EV Batteries, Construction Materials and Pilot Use Cases. This report is part of the company's Circular Technologies and Programs research service, which includes research, data, and ABI Insights. Based on extensive primary interviews, Application Analysis reports present in-depth analysis on key market trends and factors for a specific application, which could focus on an individual market or geography. About ABI Research ABI Research is a global technology intelligence firm uniquely positioned at the intersection of technology solution providers and end-market companies. We serve as the bridge that seamlessly connects these two segments by providing exclusive research and expert guidance to drive successful technology implementations and deliver strategies proven to attract and retain customers. ABI Research是一家全球性的技术情报公司，拥有得天独厚的优势，充当终端市场公司和技术解决方案提供商之间的桥梁，通过提供独家研究和专业性指导，推动成功的技术实施和提供经证明可吸引和留住客户的战略，无缝连接这两大主体。 For more information about ABI Research's services, contact us at +1.516.624.2500 in the Americas, +44.203.326.0140 in Europe, +65.6592.0290 in Asia-Pacific, or visit www.abiresearch.com. Contact Info: Global Deborah PetraraTel: +1.516.624.2558pr@abiresearch.com
Achieving EV adoption targets will require massive growth in battery manufacturing and raw material supply LONDON, Sept. 26, 2023 /PRNewswire/ -- With aggressive government decarbonization targets and OEM electrification strategies, Electric Vehicle (EV) production will majorly increase this decade. This will require a corresponding growth in EV battery output. New research from global technology intelligence firm ABI Research finds that global EV battery output production will increase nearly six times to 2,585 GWh by 2030. "Battery cost and production volume are the key barriers to adoption for EVs. The most important technologies are, therefore, those that make batteries cheaper or easier to manufacture at scale. Revolutionary technologies such as solid-state batteries promise improved ranges and reduced charging times, generating much media attention, but are too expensive and difficult to manufacture. Battery developments this decade will focus on evolutionary improvements on current lithium-ion batteries," says Dylan Khoo, Electric Vehicles Industry Analyst at ABI Research. The most advanced lithium-ion batteries currently available can achieve 1,000 km of range or charge in under 20 minutes. Further improvements will be made through technologies like the fully silicon anodes developed by companies such as Sila, expected to be delivered as soon as 2025. Solid-state batteries are unlikely to significantly impact this decade because their adoption would require changes in cell design and manufacturing, unlike improvements on existing lithium-ion battery technology. This EV battery boom will put pressure on supplies of raw materials. From 2022 to 2030, there will be a 5.3x increase in demand for lithium and a 3.2x increase in demand for cobalt for EV batteries. Reducing the consumption of these critical minerals is an essential goal for battery manufacturers, particularly cobalt, due to its volatile supply and unethical practices involved in its mining. The average cobalt content of EV batteries will decrease by 44% by 2030. Improved pack assembly techniques, such as cell-to-pack (C2P) technology, will increase the overall energy density of cobalt-free Lithium Iron Phosphate (LFP), allowing them to be used in more applications. Cobalt content can also be reduced by increasing overall energy density with high-nickel Nickel Manganese Cobalt (NMC) cathodes. "There are EVs with long ranges and EVs that can charge quickly, but there are no EVs that cost the same as their fossil fuel counterparts. Evolutionary improvements over current lithium-ion battery technology will be essential to reduce the cost of EVs and achieve industrywide electrification targets," concludes Khoo. These findings are from ABI Research's Next-Generation Electric Vehicle Batteries application analysis report. This report is part of the company's Electric Vehicles research service, which includes research, data, and ABI Insights. Based on extensive primary interviews, Application Analysis reports present an in-depth analysis of key market trends and factors for a specific technology. About ABI Research ABI Research is a global technology intelligence firm delivering actionable research and strategic guidance to technology leaders, innovators, and decision makers around the world. Our research focuses on the transformative technologies that are dramatically reshaping industries, economies, and workforces today. ABI Research是一家国际科技情报公司，为全球科技领袖、创新人士和决策者提供实用的市场研究和战略性指导。我们密切关注一切为各行各业、全球经济和劳动市场带来颠覆性变革的创新与技术。 For more information about ABI Research's services, contact us at +1.516.624.2500 in the Americas, +44.203.326.0140 in Europe, +65.6592.0290 in Asia-Pacific, or visit www.abiresearch.com. Contact Info: Global Deborah Petrara Tel: +1.516.624.2558 pr@abiresearch.com
MOBILE, Ala., Aug. 31, 2023 /PRNewswire/ -- TerrePower, a division of BBB Industries, is presenting its sustainably manufactured battery solutions at the Detroit Auto Show on September 13, 2023. TerrePower will host a Fireside chat showcasing lithium-ion battery technology for longer-lasting batteries that are cost-effective and environmentally sustainable solutions for automotive manufacturers and consumers. WHO: John Boyer, president of BBB's TerrePower division. John is a 30+ year veteran of the automotive industry. He led BBB's expansion into Europe and the development of EV battery remanufacturing. Maria Caballero, president of e-Mobility, BBB Industries. Caballero is a 25-year veteran of the automotive industry. Prior to joining BBB, Maria led the Visteon Electronics OE service group. Maria also worked for Ford's automotive component division where she held various roles in Manufacturing, Business Planning and Program Management. Moderator: Jordan Arocha, PMP, Director of Commercial Operations, Munro & Associates, Inc. WHAT: North American International Auto Show, Detroit, MI Fireside Chat, "Sustainable Manufacturing of Components Driving our Clean Energy and Mobility Future." WHEN: Wednesday, September 13, 2023, 1 pm – 1:45 pm WHERE: Huntington Place, 1 Washington Blvd., Detroit, MI WHY: EV battery remanufacturing is sustainable, as it reduces the need to mine for the raw materials that are used in the battery. TerrePower is the only company of its kind that sustainably manufactures EV batteries, solar panels, and energy storage systems. For vehicle batteries, its process includes identifying the weak components in the battery pack and replacing them with tested good components to improve the battery pack's performance so it can be used in a vehicle again. Battery modules that have degraded to the point they can no longer be used are then repurposed into energy stationary storage units to give them a second life. About BBB Industries BBB Industries, LLC is a leading sustainable manufacturer serving the automotive, industrial, and renewable energy markets. With an extensive footprint and operations throughout North America, BBB entered the European market in 2020 and now sustainably manufactures and supplies an assortment of nondiscretionary repair parts across more than 90 countries. TerrePower is a division of BBB that services the electric vehicle, energy storage and solar markets across both North America and Europe. Founded in 1987, BBB Industries, LLC is a private company with corporate centers located in the greater Mobile, Alabama and Dallas, Texas areas. Please see www.bbbind.com for more information. To find out more about TerrePower, visit https://www.bbbind.com/terrepower.
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