Following the news that Nuvola Technology has introduced a new product to eliminate EV battery fires;
Rupayan Chakraborty, Automotive Analyst at GlobalData, offers his view:
“Electrification is one of the primary factors influencing the ongoing shift in the global mobility sector. This trend is likely to intensify as a result of recent geopolitical events, favourable economic conditions, and rising demand for decarbonization. Rising demand presents opportunities throughout the electrification value chain, particularly in the automotive industry. Battery technology, for example, is already in high demand.
“However, producers confront a few hazards in exploiting these opportunities, such as thermal runaways in batteries that arise at extremely high temperatures, violent cell venting, smoke, and fire. To address this issue, Nuvola Technology has introduced a new product, SafeCoat Direct Deposition Separator, that aids in the prevention of internal shorts, thermal runaways, and fires in batteries.
“Looking at the situation, it is apparent that this new product will undoubtedly influence the actions of battery makers. The product is claimed to increase manufacturing yield as well as safety. So, if the product passes the battery makers' trial tests, we can expect new batteries with this novel separator. However, from a manufacturing standpoint, the problem is that if this product raises battery-making costs, it will be ineffective. However, if it provides cost leverage to the battery makers, it will undoubtedly conquer the market and replace existing traditional separators.
“As per the estimates by GlobalData, the electric vehicle (EV) market, which includes BEVs and hybrid vehicles (HEVs), is expected to reach 62.74 million units by 2030, with a compound annual growth rate (CAGR) of 16% from 2022 to 2030. Approximately, 5000-9000 battery cells are required for EV batteries depending on battery capacity. As its new product will be used as a cell separator, Nuvola Technology has a big chance of becoming a market leader in battery material manufacturing, if they can reduce manufacturing costs as well.”
