BYD, a Chinese electric vehicle maker, is looking to leverage its Blade Battery as a way to reduce the quantity of minerals needed during the manufacture of batteries for EVs. Its battery technology is specifically designed to reduce the amount of nickel and cobalt required in vehicle electrification, and in this way, boost sustainability efforts as the world transitions to greener forms of transport.
For a long time, concerns have been raised about the ecological cost of extracting battery minerals like lithium, nickel and cobalt. Many have argued that EVs shouldn’t be seen as green technology since the mining processes for the minerals used in the manufacture of these vehicles, and especially the batteries, are environmentally harmful even if the end product helps to reduce the carbon emissions from vehicular transport.
The battery technology of BYD seeks to address these concerns and minimize how much cobalt and nickel goes into each battery. The cells in these batteries are arranged in a structure similar to a honeycomb, which maximizes the strength of the battery and amplifies its ability to withstand immense forces.
Additionally, this design enables the battery to keep working even after 15,000 discharge and charge cycles, a feature that extends the lifespan of the battery way beyond the expected service life of the vehicle into which the battery is installed. Once the vehicle ages, the Blade Battery can then be retrieved for other secondary uses, such as for stationary energy storage or even reinstallation in other EVs whose speed capacity is lower than that of the previous vehicle in which the battery had been installed.
This sustainability-focused design seeks to reduce the quantity of battery minerals used in each battery while also making it possible for those minerals to be retrieved and recycled so that over time, the amount of freshly mined minerals required reduces with each generation of Blade Batteries installed in subsequent generations of EVs.
This approach is set to transform the supply chains upon which the electric vehicle industry depends for its inputs. As the company licenses other manufacturers to use its proprietary battery technology, there will be less pressure to mine increasing volumes of cobalt and nickel to supply the rapidly-growing electric vehicle ecosystem.
For now, the demand for these minerals is high and is growing. Exploration firms like Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF) looking to uncover viable deposits of cobalt and other battery metals are assured of a market in industries serving the energy transition movement beyond just electric vehicles.
NOTE TO INVESTORS: The latest news and updates relating to Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF) are available in the company’s newsroom at https://ibn.fm/ATBHF
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