NEO Battery Materials Ltd. has entered a collaboration agreement with Elementium Materials Inc. to enhance NEO’s silicon battery platform using advanced electrolyte technology. This partnership aims to improve battery stability and electrochemical performance, particularly in ultra-fast charging and discharging, by leveraging Elementium’s advanced electrolytes. The collaboration is expected to benefit high-demand markets such as power tools, humanoid robots, drones, and aerospace systems, showcasing significant developments in the capabilities and applications of electric vehicle battery technologies.
Elsewhere in the market, Zhejiang Leapmotor Technology was trading firmly up 13% and closing at HK$57.00. In the meantime, Elite Material softened, down 3.7% to end trading at NT$525.00.
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Tesla settled at $268.46 up 3.6%.
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NIO settled at $3.87 up 1.6%.
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Ford Motor ended the day at $9.94 down 0.9%.
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Companies discussed in this article include SEHK:9863 NasdaqGS:TSLA NYSE:NIO NYSE:F and TWSE:2383.
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