Volta Technology Limited to Roll Out Innovative Solid-State
HONG KONG, May 24, 2022 (GLOBE NEWSWIRE) – Volta Technology Limited announced today that it will launch its innovative solid state batteries from its pilot production line in Shenzhen in early 2023.
Solid state batteries are known as “the product of next-generation batteries,” which experts have noted are safer and more powerful than traditional lithium-ion batteries.
Solid state batteries have twice as much energy storage capacity as lithium ion batteries. As a result, major electric vehicle manufacturers are investing heavily in this technology. According to Volta Technology Limited, an electric vehicle with a solid state battery can have a range of more than 600 kilometers or more.
Volta Technology Limited had previously stated that it would commercially launch its solid state batteries by the end of 2023. But the company’s pilot project is expected to accelerate the commercial launch of the technology.
“Through a rigorous assessment of our technological viability, we are pleased to be able to accelerate the time for mass production. We are now aiming for mass production of our finished product in early 2023,” said Chen Wong. general manager of Volta. Limited technology.
Headquartered in Shenzhen, China, Volta Technology Limited has brought together a growing team of dedicated engineers with a passion for chemistry and technology with the mission of revolutionizing energy storage. The company strives to become the industry leader in the development of solid state batteries for the world’s largest electronic vehicle manufacturing companies.
“Our solid state technology is almost perfect. We have invested heavily in our research and development over the past six years, and as a result, we are bringing our solid state battery designs closer to production readiness. “added Patrick Lau, chief. Technology Officer at Volta Technology Limited.
According to Volta Technology Limited, the global solid-state battery industry generated $ 0.5 billion in 2020 and is projected to generate $ 3.4 billion by 2030.
Chou Lee, Investor Relations Officer
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