Magnis Energy Technologies Limited (ASX: MNS) claims that Extra Fast Charge (EFC) test results for electric vehicles (EV) batteries developed by Magnis Partner, Charge CCCV, LLC. (CCV), have unveiled a potential game changer for electric vehicle manufacturers.
Highlights of the test of the new technology includes:
- Over 85% charge achieved in six minutes.
- Potential ability to shorten the charging times and thus enabling operational flexibility for EVs, convenience to EV consumers, and potential increase in run time for in-service EVs.
CCV President. Dr Shailesh Upreti, said the “very exciting” results have been highly encouraging to its potential partners in the automobile industry.
We have commenced a demonstration programme to showcase the benefits of EFC at the system level, by committing to deliver a minimum 25KWh battery pack to an EV producer with EFC capabilities.
“We look forward to producing further batteries with continued improvements for this fast-growing sector, with the aim to eventually deploy CCV’s proprietary technology at Giga scale in New York and Australia.“
Magnis Chairman, Frank Poullas, said fast charging is usually synonymous with batteries degrading quickly.
However, today’s results using an unoptimised cell are exciting and will improve further as the cell is optimised
“This news is highly encouraging for the global battery industry and for every EV manufacturer.
“To be able to charge batteries within six minutes would be a game-changer and it’s comforting to know that Magnis and CCV are at the forefront of this and other battery technologies.“