- Recent announcements on solid-state batteries (SSBs) for electric vehicles highlight their next major advancement
- This comes from mineral explorer First Tellurium (CSE:FTEL), which points to announcements from auto giants such as Toyota, Stellantis, Hyundai and Volkswagen
- The Vancouver-based company stated that SSBs can provide more efficiency and range, shorter charge times and lighter weight
- First Tellurium Corp. last traded at $0.08 per share
Recent announcements on solid-state batteries (SSBs) for electric vehicles, highlight their next major advancement.
This comes from mineral explorer First Tellurium (CSE:FTEL), which points to announcements from auto giants such as Toyota, Stellantis, Hyundai and Volkswagen.
The Vancouver-based company stated that SSBs can provide more efficiency and range (reportedly above 1,448 kilometres), shorter charge times and lighter weight. Its partner, Fenix Advanced Materials of Trail, British Columbia, a manufacturer of ultra-high purity metals, continues to advance its lithium-tellurium (LiTe) SSB developed with UBC Okanagan.
The team also emphasized that the Fenix SSB will have far higher charging capacity, much smaller size, a battery life up to 400 per cent that of lithium-ion batteries with no chance of catching fire.
“Solid-state batteries are the Holy Grail for EV Companies,” Fenix CEO Don Freschi said in a news release. “They’re far more efficient. Far safer. This is why our focus (Fenix/UBCO) has been on combining the most powerful anode and cathode materials like lithium, tellurium and sulfur, with a solid-state electrolyte.”
“Toyota’s announcement underscores our belief that solid-state batteries represent the future of widescale EV deployment,” First Tellurium’s president and CEO Tyrone Docherty added. “The advancements in efficiency and safety are game-changers, especially with respect to batteries catching fire. This is why we continue to support Fenix as they bring their lithium-tellurium battery to market.”
Toyota stated that its batteries will hit the market in 2027 or 2028, giving its EVs 1,200 km of range (greater than any gas-powered car today) with 10-minute charging times. Toyota’s longer-view plans include vehicles with a 1,500 km range and charging times of less than 10 minutes. In comparison, the best-selling EV today, the Tesla Model Y, has a maximum 530 km range and 15-minute charging with a Tesla Supercharger.
First Tellurium Corp. works to generate revenue and value through mineral discovery, project development, project generation and cooperative access.
First Tellurium Corp. last traded at $0.08 per share and is up 21.42 per cent over the past month, but down 34.61 this year.
Join the discussion: Find out what everybody’s saying about this stock on First Tellurium’s Bullboard, and check out the rest of Stockhouse’s stock forums and message boards.
The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
