TECHNOLOGY
NEXTGEN FOCUS
The automotive industry is accelerating toward EV adoption. The electric car revolution requires a better battery.
NextGen is building one, based on proprietary solid state electrolyte and cobalt-free cathode technology.
SOLID-STATE ELECTROLYTE
MARKET
The market for electric vehicle batteries is growing at double-digit rates and is expected to reach ~$60B in 2025. The wide diversity in the number of models that automobile manufacturers will introduce in the next few years – over 500 models in 2025 – provide numerous opportunities for market entry.
COMPOSITE SOLID-STATE ELECTROLYTE
NextGen’s HC series of composite electrolytes combines the best properties of ceramic and polymeric materials. It is readily synthesized using scalable processes and has demonstrated high ionic conductivity at both low and high temperatures, a high lithium-ion transference number, high rate capability, and is compatible with high-voltage cathodes. It is inherently non-flammable (removing the need for secondary safety systems), replaces the traditional porous separator (another ~10% cost savings), and enables high-capacity lithium-metal anodes for all solid-state batteries.
COBALT-FREE CATHODE
MARKET
The global lithium-ion battery cathode market ($5B by 2025) is highly fragmented among ~60 main suppliers, none of which holds more than 7% share. The cathode is the single most expensive component of a lithium-ion battery, ~22% of the total manufactured cell cost. Cobalt content is largely responsible for high cost and uncertainty in the supply chain.
COBALT-FREE CATHODE MATERIALS
The performance of NextGen's LMOX family of high capacity (>180Ah/kg), high voltage (>4.4V nominal), high specific energy (>700Wh/kg) low cost cathode material has been verified by a third party and is currently undergoing testing by a specialty battery manufacturer. The material is based on a scaled, commercially available manufacturing process, and can be used as a drop-in replacement for existing cathode materials.