Bulletin
Investor Alert

New York Markets Open in:

press release

Aug. 17, 2021, 8:55 a.m. EDT

New Infrastructure Bill Bolsters Growing Electric Vehicle Manufacturing Market

FN Media Group Presents Microsmallcap.com Market Commentary

NEW YORK, Aug. 17, 2021 /PRNewswire/ -- The global economy is starting to make serious movements away from fossil fuels, and the single largest consumer of fossil fuels is transportation. Electric vehicles, or EVs, have become the answer to growing environmental concerns, with President Biden aiming for 50% of the US auto fleet to be electric by 2020. Add to that the newly-passed US infrastructure bill, includes an impressive $85 billion in EV charging infrastructure funding and it's clear that all eyes (and wallets) are focused on the EV market. As a complex product, EVs rely on several supply chains, creating a lucrative opportunity for battery technology company Nano One Materials Corp. AU:NNO 0.00% (otcpk:NNOMF), EV manufacturers Lightning eMotors Inc. /zigman2/quotes/218421281/composite ZEV -2.24% , Nio Inc. /zigman2/quotes/204905836/composite NIO -0.62% and Lucid Group Inc /zigman2/quotes/221104327/composite LCID -1.98% , and EV infrastructure provider ChargePoint Holdings Inc. /zigman2/quotes/214140886/composite CHPT -0.05% .

The most crucial is proving to be the manufacture of batteries, and companies like Nano One Materials Corp. /zigman2/quotes/208583595/composite NNOMF -1.79% , a clean technology company with a patented process for the low-cost, low-carbon footprint production of high-performance cathode materials used in lithium-ion batteries. The widespread adoption of electric vehicles and clean energy is demanding innovation in the field of battery production and Nano One Materials Corp. is successfully streamlining the battery manufacture process with new technologies to produce more efficient batteries and reduce EV costs.

On August 17, Nano One Materials announced an expansion of their NMC/LNMO cathode evaluation program with a multi-national automotive company to include an industrial scale engineering study. The study is based on Nano One 's patented One-Pot process, clean Metal to Cathode Active Material (M2CAM) technologies and Coated Nanocrystal technologies. The study will enable the two companies to evaluate the economic and environmental advantages of Nano One's patented process technologies at large industrial scale with sufficient materials to supply a full-scale automotive battery cell assembly plant. and runs in parallel to the ongoing performance testing and validation work on Nano One's nickel-rich and manganese-rich cobalt free cathode materials.

"We are pleased to be advancing the relationship with our OEM collaborator and evaluating the economics and environmental advantages of Nano One's process technology at automotive scales. It is clear from developments over the past year that the pace of change is accelerating, and the target manufacturing scale is many times what it was only a couple of years ago ."

Nano One Materials also announced that it has engaged Hatch Ltd, a leading global engineering firm with deep processing, scale-up, piloting and commercialization experience, to lead engineering study and provide a report to the global automotive company.. Hatch has engineering experience in designing relevant plants and the processing and production of battery grade feedstock materials.

Nano One Materials has also continued to add value to its innovative battery technology through patents. In June, Nano One expanded its patent portfolio with the addition of three patents for a total of 19 issued patents across the globe in jurisdictions like Canada, the US, China, Taiwan, Japan and Korea. The company also has over 35 patent applications currently pending with additional applications being considered.

On top of that, Nano One Materials has also continued to forge strategic partnerships to fuel further innovation and development. Most recently, the company entered into a joint development agreement with global science and chemicals company Johnson Matthey to co-develop next-generation products and processes for Matthey's eLNO family of nickel-rich advanced cathode materials using Nano One 's patented One-Pot process.

"Johnson Matthey is a global leader in advanced lithium-ion cathode materials, and we are proud to be working with them in the pursuit of high-performance, long life cycles, low-carbon footprint and environmentally sustainable solutions," said Nano One CEO Dan Blondal. "We share a common vision to develop and commercialize a highly differentiated and value-added cathode materials business and we are delighted to be introducing Johnson Matthey as a trusted partner and collaborating on process innovation for a new generation of lithium-ion battery materials."

Johnson Matthey joins Nano One 's growing list of strategic partners, which includes Sustainable Development Technology Canada (SDTC), Volkswagen, Saint-Gobain, Pulead, CBMM and undisclosed multi-billion-dollar Asian cathode materials producer.

The US Gears up for Electric Vehicle Adoption Through Infrastructure Bill

As the two leading global economies, the US and China are both pursuing state-sponsored efforts for electric vehicle manufacture. This healthy and environmentally-progressive competition is underlined by the newly-passed US infrastructure bill. The $1 trillion infrastructure bill is a bipartisan effort to revamp the nation's infrastructure into the new era, providing much-needed jobs and specifically leading the nationwide installation of electric vehicle charging stations.

Luxury EV manufacturer Lucid Group Inc /zigman2/quotes/221104327/composite LCID -1.98% just entered the public markets through a $4.4 billion merger with Churchill Capital Corp. to accelerate growth and increase4 its manufacturing capacity to meet growing demand. The company already has over 11,000 paid reservations for Lucid Air and is on schedule to deliver its luxury EV in the second half of 2021.

Meanwhile, EV manufacturer Nio Inc /zigman2/quotes/204905836/composite NIO -0.62% has continued to ramp up its production efforts to help meet growing demand. In July, the company delivered 7,931 vehicles which represents a strong 124.5% year-over-year (YoY) growth. Nio also recently revealed its NIO Power 2025 battery swap station deployment plan, raising its target to over 700 battery swap stations by the end of the year. To date, NIO has built 301 NIO Power Swap stations, 204 Power Charger stations and 382 destination charging stations in China as well as completed more than 2.9 million swaps and 600,000 uses of One-Click-for-Power services.

Leading electric vehicle (EV) charging network operator ChargePoint Holdings /zigman2/quotes/214140886/composite CHPT -0.05% is taking its EV initiatives one step further after acquiring ViriCiti, a leading provider of electrification solutions for eBus and commercial fleets. The acquisition of ViriCiti will enhance ChargePoint 's fleet solution portfolio by integrating information sources to optimize electric fleet operations, including battery management, OEM-agnostic telematics, charging station monitoring, vehicle maintenance and vehicle operations data.

At the same time, specialty commercial EV provider Lightning eMotors /zigman2/quotes/218421281/composite ZEV -2.24% entered into a strategic partnership agreement with Berkshire Hathaway company Forest Rivers Inc. to deploy up to 7,500 zero-emission shuttle buses. The deal will see Lightning eMotors to build fully electric powertrains and provide charging products, and services for Forest River over the next four and a half years.

In what is being described as the battery decade, auto manufacturers and investment interests across the globe are pouring capital into battery manufacturing in order to drive innovation and secure a competitive edge. Nano One is forming new partnerships with multinational battery suppliers and positioning itself as an innovator in the growing market.

For more information about Nano One , please click here.

Disclaimer:  Microsmallcap.com (MSC) is the source of the Article and content set forth above. MSC owns and operates StreetSignals.com.  References to any issuer other than the profiled issuer are intended solely to identify industry participants and do not constitute an endorsement of any issuer and do not constitute a comparison to the profiled issuer. FN Media Group (FNM) is a third-party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated with MSC or any company mentioned herein. The commentary, views and opinions expressed in this release by MSC are solely those of MSC and are not shared by and do not reflect in any manner the views or opinions of FNM. Readers of this Article and content agree that they cannot and will not seek to hold liable MSC and FNM for any investment decisions by their readers or subscribers. MSC and FNM and their respective affiliated companies are a news dissemination and financial marketing solutions provider and are NOT registered broker-dealers/analysts/investment advisers, hold no investment licenses and may NOT sell, offer to sell or offer to buy any security.

The Article and content related to the profiled company represent the personal and subjective views of the Author (MSC), and are subject to change at any time without notice. The information provided in the Article and the content has been obtained from sources which the Author believes to be reliable. However, the Author (MSC) has not independently verified or otherwise investigated all such information. None of the Author, MSC, FNM, or any of their respective affiliates, guarantee the accuracy or completeness of any such information. This Article and content are not, and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action; readers are strongly urged to speak with their own investment advisor and review all of the profiled issuer's filings made with the Securities and Exchange Commission before making any investment decisions and should understand the risks associated with an investment in the profiled issuer's securities, including, but not limited to, the complete loss of your investment. FNM was not compensated by any public company mentioned herein to disseminate this press release but was compensated twenty five hundred dollars by MSC, a non-affiliated third party to distribute this release on behalf of Nano One Materials.

FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and MSC and FNM undertake no obligation to update such statements.

Media Contact:
FN Media Group, LLC
info@financialnewsmedia.com
+1(561)325-8757

Cision
View original content: https://www.prnewswire.com/news-releases/new-infrastructure-bill-bolsters-growing-electric-vehicle-manufacturing-market-301356520.html

SOURCE Microsmallcap.com

COMTEX_391709517/2454/2021-08-17T08:55:07

Is there a problem with this press release? Contact the source provider Comtex at editorial@comtex.com. You can also contact MarketWatch Customer Service via our Customer Center.

Copyright (C) 2021 PR Newswire. All rights reserved

AU : National Stock Exchange of Australia
$ 0.00
0.00 0.00%
Volume:
loading...
/zigman2/quotes/218421281/composite
US : U.S.: NYSE
$ 7.84
-0.18 -2.24%
Volume: 578,693
Oct. 20, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$590.12 million
Rev. per Employee
N/A
loading...
/zigman2/quotes/204905836/composite
US : U.S.: NYSE
$ 39.78
-0.25 -0.62%
Volume: 25.12M
Oct. 20, 2021 4:04p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$65.59 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/221104327/composite
US : U.S.: Nasdaq
$ 24.24
-0.49 -1.98%
Volume: 15.46M
Oct. 20, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$40.03 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/214140886/composite
US : U.S.: NYSE
$ 21.18
-0.01 -0.05%
Volume: 5.92M
Oct. 20, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$6.88 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/208583595/composite
US : U.S.: OTC
$ 3.29
-0.06 -1.79%
Volume: 79,495
Oct. 20, 2021 3:47p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$316.35 million
Rev. per Employee
N/A
loading...
/zigman2/quotes/221104327/composite
US : U.S.: Nasdaq
$ 24.24
-0.49 -1.98%
Volume: 15.46M
Oct. 20, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$40.03 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/204905836/composite
US : U.S.: NYSE
$ 39.78
-0.25 -0.62%
Volume: 25.12M
Oct. 20, 2021 4:04p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$65.59 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/214140886/composite
US : U.S.: NYSE
$ 21.18
-0.01 -0.05%
Volume: 5.92M
Oct. 20, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$6.88 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/218421281/composite
US : U.S.: NYSE
$ 7.84
-0.18 -2.24%
Volume: 578,693
Oct. 20, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$590.12 million
Rev. per Employee
N/A
loading...

Comtex

Partner Center

Link to MarketWatch's Slice.