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Stock impact report

Addionics raises $27 mln to scale up 3D electrodes for EV batteries [Financial Post (Toronto, Ontario, Canada)]

Magna International, Inc. (MGA) 
Last magna international, inc. earnings: 2/21 05:00 am Check Earnings Report
US:NYSE Investor Relations: magna.com/investors
Company Research Source: Financial Post
electrode technology that reduces electric vehicle battery costs and boosts performance. The Tel Aviv-based company said investors in its Series A round included aluminum recycler Novelis, auto supplier Magna International and Talcar Corporation Ltd. National truckers group denounces highway protests by anti-vaccine-mandate truck convoy Advertisement Addionics' technology replaces the electrode's traditional two-dimensional layered structure with an integrated three-dimensional structure, which it says creates batteries with increased energy density and power, improves safety by dissipating heat more quickly during charging, and extends battery life. Advertisement Article content As carmakers race to bring more electric vehicles (EVs) to market, they are seeking ways to boost the range of their vehicles to give them a competitive edge, including by exploring new chemistries. Addionics CEO Moshiel Biton told Reuters that the startup's electrodes are porous and have a gr Show less Read more
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