Advanced nano-batteries have gradually become the main driving force for electric vehicles to travel farther and faster in a charging cycle. Nano-cells run five times as much as conventional batteries, and China will play an important role in promoting the technology.
Electric Vehicle Industry Pioneer ZAP (OTC Bulletin Board: ZAAP) and Lithium Polymer Battery and Nano Battery Developer Heilongjiang Zhongqiang Energy Technology Co., Ltd. (Advanced Battery Technologies, Inc.) ("Zhongqiang Company") (OTC Bulletin Board) : ABAT) announced on August 3 that the two companies will jointly open a joint venture development office in Beijing to expand their research, production and marketing scale of advanced batteries for electric vehicles through the latest nanotechnology.
ZAP recently signed a purchase agreement to purchase $5.168 million worth of lithium polymer batteries and nano batteries from ZMC, for ZAP's XEBRA electric vehicle and truck series and other vehicle and battery systems. ZAP CEO Steve Schneider concluded the agreement after meeting with Mr. Fu Zhiguo, Chairman of Zhongqiang Company, and visiting his Beijing and Harbin factories.
Schneider said: "After spending some time with Mr. Fu, we believe that he is sincerely eager to improve the environment through technology, and we look forward to testing these new batteries on our cars, trucks, motorcycles and other vehicles."
Zhongqiang is tidying up its latest nanotechnology to develop a new generation of lithium polymer batteries that have high energy density while improving performance, life expectancy and safety. Mr. Fu highly praised the progress made by ZAP in a recent exchange of information on the ZAP Annual Shareholders Meeting.
Mr. Fu said: “ZAP's work has indeed achieved impressive and remarkable achievements. The company is very strong and is growing in a global market with an extremely competitive and competitive competitor. Providing these products and achieving The ability to achieve these achievements is a powerful testimony to the company's leadership, ZAP management and its employees' hard work."
Lithium-ion batteries have been the leading technology in the electric vehicle industry for many years. Although the technology has been proven in smaller-capacity batteries, the stability in batteries with larger capacity is poor. Because they are inert materials, unlike conventional graphite electrode materials, nanoparticles do not undergo sulfate reaction with lithium polymer battery chemistries. This innovation provides a more stable battery system that makes it possible to have a safer, more chemically active, larger capacity lithium battery.
These smaller nanoparticles also create a larger surface area - up to 100 times - to make the battery's electronic input and output faster, with shorter transmission distances, increase energy density while accelerating charge and discharge, and improving performance. More stable battery chemistry also extends the life expectancy of the battery, which is estimated to be recyclable more than 1,000 times, more than twice the amount of conventional batteries.
This means that this technology supports electric vehicles with mileage and speed performance that will be three to five times that of conventional electric vehicles, while charging time is shorter, sometimes only 10 minutes.
Zhongqiang Company Profile
Founded in September 2002, Zhongqiang Company (ABAT) is principally engaged in the development, production and distribution of polymer lithium-ion batteries using lithium cobalt oxide as an anode to overcome many of the shortcomings associated with various other rechargeable batteries. Zhongqiang develops polymer lithium batteries for electric vehicles, miner's lamps, mobile phones, notebook computers and other electronic devices. Zhongqiang has a research and development center and factory in Harbin, China.
Introduction to ZAP
ZAP has been a leader in advanced transportation technology since 1994, providing more than 100,000 vehicles to consumers in more than 75 countries. ZAP is at the forefront of energy-efficient transportation, with new technologies such as energy-efficient gas systems, hydrogen power, electrics, fuel cells, ethanol, hybrids and other innovative power systems. The company is developing a high-performance hybrid sports multi-vehicle (SUV) electric concept car called "ZAP-X" designed by Lotus Engineering. The company recently introduced a new portable energy technology to control the power of mobile electronics such as mobile phones and notebooks.
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