Joe Kaplan
3 months ago
Samsung is huge.... Samsung’s solid-state battery breakthrough
This looks earth shaking also......
......According to retired investment professional Kevin Bambrough, Samsung has developed a new solid-state (SS) battery. The inclusion of silver as a key component, combined with the increasing demand for electric vehicles, means that demand for the grey metal will soon increase.
“The key drivers that will ramp up demand for EVs are range, charge time, battery life and safety,” Bambrough said. “Samsung's new solid-state battery technology, incorporating a silver-carbon (Ag-C) composite layer for the anode, exemplifies this advancement. Silver“The key drivers that will ramp up demand for EVs are range, charge time, battery life and safety,” Bambrough said. “Samsung's new solid-state battery technology, incorporating a silver-carbon (Ag-C) composite layer for the anode, exemplifies this advancement.'s exceptional electrical conductivity and stability are leveraged to enhance battery performance and durability, achieving amazing benchmarks like a 600-mile range and a 20-year lifespan and 9-minute charge.”
He noted that while official numbers are currently unavailable, estimates show that there could be as much as five grams of silver per cell in Samsung's solid-state batteries, meaning “a typical EV battery pack containing around 200 cells for a 100 kWh capacity could require about 1 kg of silver per vehicle.”
“With global car production standing at about 80 million vehicles per year, if 20% of these vehicles (16 million EVs) were to adopt Samsung's solid-state batteries, the annual demand for silver would be around 16,000 metric tons (16 million vehicles * 1 kg of silver per vehicle),” Bambrough said. “This would represent a significant portion of the current global silver production, which is approximately 25,000 metric tons annually, highlighting the substantial impact on the silver market.”
He noted that this alone presents a bullish trajectory for silver and doesn’t even account for demand from the solar industry.
“Add in the fact that silver is already in a deficit with industrial demand from the solar industry pushing total yearly consumption ahead of supply,” he said. “So we don’t even have any silver capacity to spare!”
Bambrough provided some caveats to his thesis, saying, “Perhaps 5 grams might be high. Perhaps 20% will prove low for solid-state battery penetration into the auto industry. It could be as much as 50% or greater looking 10-15 years out.”
“For me, it’s just another reason to expect silver markets to tighten up [further] and the price of silver to take a run at its all-time inflation-adjusted high [of] $200/oz will likely be seen in the [coming] 10-15 years,” he said. “If estimates of the true short position bullion banks currently carry in the silver market that price could be seen much sooner.”
“All one needs to do is look back at the silver chart of the 1970s to see how explosive the precious metal can move skyward when a true shortage develops and speculators decide to hoard,” he concluded. “My bet is… we will hoard.”
According to a report written by Enrico Punsalang at Ride Apart, Samsung is already working with big automakers to incorporate its SS battery tech into EVs in development. The firm has signed an agreement with Toyota to begin mass production of SS batteries in 2027, with Lexus vehicles scheduled to be among the first to integrate the new technology.
Punsalang noted that one thing that will hinder a faster roll-out of SS battery-enabled EVs is the fact that “these ultra-fast charging batteries require some pretty solid infrastructure for you to get the claimed nine-minute charge time. If we look at China, whose EV makers offer similar charging speeds, 480kW and sometimes even 600kW chargers are an absolute must. But even in China, charging stations of this capacity are far and few in between.”
“So the real challenge here isn’t so much whether or not it’s possible – we know that it certainly is – but rather, how quickly ultra-fast-charging infrastructure can be made available to the masses,” Punsalang said. “Then, of course, there’s the issue of cost. At present, it costs way more to manufacture solid-state EV batteries than Lithium-ion and LFP batteries found in current EVs – around three or four times, to be specific. Perhaps that’s why Toyota plans on introducing solid-state batteries on its Lexus vehicles first, where profit margins are much higher.”
“At the end of the day, the advancement of solid-state batteries is a good thing for everyone,” he concluded. “Sure, at the moment, they’re super expensive and require specialized tech to make the most out of. But less than 20 years ago, SSDs were super expensive and HDDs were the norm. But now, even boomers have SSDs in their laptops and home computers. Who’s to say that in the next 20 years, or maybe even less, SS batteries will be the standard for EVs?”
According to Charlie Morris, founder of ByteTree, this development sets the stage for silver to have a 2010-like rally.
“This reminds me of the silver rally of 2010, which saw the price surge to $50 on the back of demand for solar panels,” he said. “The slump that followed was weighed down not only by a weak gold market but also by substitution, something that has killed many commodity rallies.”
https://www.kitco.com/news/article/2024-08-19/silver-set-soar-samsungs-solid-state-battery-breakthrough-analysts
TradingCharts
6 months ago
Institutional Ownership and Shareholders
Enovix Corporation (US:ENVX) has 422 institutional owners and shareholders that have filed 13D/G or 13F forms with the Securities Exchange Commission (SEC). These institutions hold a total of 87,516,913 shares. Largest shareholders include Vanguard Group Inc, BlackRock Inc., Electron Capital Partners, LLC, Point72 Asset Management, L.P., VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, Susquehanna International Group, Llp, IWM - iShares Russell 2000 ETF, NAESX - Vanguard Small-Cap Index Fund Investor Shares, Geode Capital Management, Llc, and State Street Corp .
Enovix Corporation (NasdaqGS:ENVX) institutional ownership structure shows current positions in the company by institutions and funds, as well as latest changes in position size. Major shareholders can include individual investors, mutual funds, hedge funds, or institutions. The Schedule 13D indicates that the investor holds (or held) more than 5% of the company and intends (or intended) to actively pursue a change in business strategy. Schedule 13G indicates a passive investment of over 5%.
The share price as of May 20, 2024 is 10.08 / share. Previously, on May 22, 2023, the share price was 12.09 / share. This represents a decline of 16.63% over that period
https://fintel.io/so/us/envx
creakyhottie
1 year ago
FREMONT, Calif., Sept. 20, 2023 (GLOBE NEWSWIRE) --
Enovix Corporation ("Enovix") (Nasdaq: ENVX), an advanced
silicon battery company, today announced the acquisition of
privately-held Routejade, an established Korean battery
manufacturer for a total consideration of approximately 6.2
million shares of Enovix common stock and $16.5 million in
cash assuming purchase of 100% of Routejade. The acquisition
provides Enovix with vertical integration of electrode
coating and battery pack manufacturing while adding an
established lithium-ion battery business with factories in
Korea, along with complementary products, customers, and
suppliers. The transaction is expected to close in the
fourth quarter of 2023 and be immediately
accretive.
Routejade has been qualified as
a supplier of coated rolls of electrodes for Enovix
batteries with capacity to support the Fab2 scale-up that
begins in 2024. By bringing coating capability in-house,
Enovix intends to realize significant cost savings while
speeding up battery development cycles as modern materials
are quickly incorporated to improve energy density. Securing
the coating supply chain is also intended to ensure the
quality of incoming battery materials which can positively
impact manufacturing yield and
throughput.
Routejade brings over 20 years
of experience as a manufacturer and supplier of lithium-ion
batteries, targeting end markets such as wearables,
hearables, medical, industrial, and the South Korean
military. Routejade's patented encapsulation technology
allows for circular and asymmetric battery form factors,
complementing the ability of Enovix to support multiple
customer requirements.
"This is a
compelling acquisition with a strong ROI profile for Enovix
given the obvious financial benefits of vertically
integrating coating while providing our R&D team quicker
access to new materials to enhance our product roadmap and
benefit customers," said Dr. Raj Talluri, President and CEO
of Enovix. "My vision is for Enovix to grow our battery
performance metrics at a significantly faster rate than the
industry by harnessing the materials agnostic nature of our
architecture and this transaction accelerates our ability to
execute that plan."
Continued Dr. Talluri,
"We are also making tremendous strides in manufacturing with
yield gains in Fremont, which positions our Gen2 equipment
for a strong start in 2024. We have been very impressed with
Routejade's coating know-how and believe it will only
improve our ability to deliver competitive yields while
producing batteries in high volume at an attractive cost
structure."
Routejade is led by CEO Mr.
Kihong Park. Mr. Park has approximately 30 years of
experience in Li-ion battery manufacturing businesses in
Korea, including a 21-year tenure at Kokam (now SolarEdge
Energy Storage Division), where he served in roles such as
CTO and COO. Mr. Park will report to Dr. Talluri and
continue to run the Routejade business.
"We
are excited to join Enovix, a truly revolutionary company in
the lithium-ion battery industry," said Mr. Park. "The
growth prospects for this business are substantial, and we
look forward to playing an important role in Enovix's
journey to scale."
Conference Call
Information
Enovix will hold a video
conference call at 2:00 PM PT / 5:00 PM ET today, September
20, 2023, to discuss the Routejade acquisition. To join the
call, participants must use the following link to register:
https://enovix-update-sept-2023.open-exchange.net/. This
link will also be available via the Investor Relations
section of Enovix's website at https://ir.enovix.com. An
archived version of the call will be available on the Enovix
investor website for one year at
https://ir.enovix.com.
About EnovixEnovix
is on a mission to power the technologies of the future.
Everything from IoT, mobile and computing devices, to the
vehicle you drive, needs a better battery. The company's
disruptive architecture enables a battery with high energy
density and capacity without compromising safety. Enovix is
scaling its silicon-anode, lithium-ion battery manufacturing
capabilities to meet customer demand. For more information
visit www.enovix.com and follow us on
LinkedIn.
Forward-Looking
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