Addionics raises $27 mln to scale up 3D electrodes for EV batteries [Reuters]
Magna International, Inc. (MGA)
Last magna international, inc. earnings: 2/21 05:00 am
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Source: Reuters
electrode technology that reduces electric vehicle battery costs and boosts performance. The Tel Aviv-based company said investors in its Series A round included aluminium recycler Novelis (NVLXC.UL), auto supplier Magna International (MG.TO) and Talcar Corporation Ltd. Addionics' technology replaces the electrode's traditional two-dimensional layered structure with an integrated three-dimensional structure, which it says creates batteries with increased energy density and power, improves safety by dissipating heat more quickly during charging, and extends battery life. As carmakers race to bring more electric vehicles (EVs) to market, they are seeking ways to boost the range of their vehicles to give them a competitive edge, including by exploring new chemistries. Addionics CEO Moshiel Biton told Reuters that the startup's electrodes are porous and have a greater surface area, which increases energy density and lowers battery costs by 10%. "The idea is that with a 3D struct
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MGA
News
- Magna (MGA) Earnings Expected to Grow: What to Know Ahead of Next Week's Release [Yahoo! Finance]Yahoo! Finance
- Global Automotive Surround View Systems Market Poised for Substantial Growth, Reaching US$ 18.7 Billion by 2032 [Yahoo! Finance]Yahoo! Finance
- Automotive Intelligent Door System Market To Reach USD 6.8 Billion By 2032 | DataHorizzon Research [Yahoo! Finance]Yahoo! Finance
- Magna International Inc. (NYSE: MGA) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Magna International Inc. (NYSE: MGA) had its price target lowered by analysts at TD Securities from $69.00 to $63.00. They now have a "buy" rating on the stock.MarketBeat
MGA
Earnings
- 2/9/24 - Miss
MGA
Sec Filings
- 4/2/24 - Form 6-K
- 3/29/24 - Form 6-K
- 3/28/24 - Form 40-F
- MGA's page on the SEC website