NexGen Materials

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NexGen Materials

Contact information, map and directions, contact form, opening hours, services, ratings, photos, videos and announcements from NexGen Materials, Business Supply Service, 8851 S Sandy Parkway, Sandy, UT.

NexGen Materials sources unique critical elements needed in next generation EV & Grid solutions, leverages technology/science to process them for commercial use, and funds Joint Ventures to take them to market.

03/16/2023

China dominates electric vehicle battery production - and is a major player in sustainable transportation - shaking up the global automotive industry. US automakers face significant challenges in competing with their Chinese counterparts, who benefit from their country's massive investments in EV battery research and development.

China's lead in EV battery production means significant cost advantages - which translate to lower prices for their EVs. EV Tax Credits for consumers are intended to counter this - pushing US automakers to buy/make cells that use US sourced battery materials. NexGen is establishing US-based sourcing & processing of those materials - but not JUST for electric vehicles -also for grid stabilization.

[Source: https://www.nerdwallet.com/article/taxes/ev-tax-credit-electric-vehicle-tax-credit]

03/14/2023

🚗💨 that electric cars are much more efficient at moving people around compared to gasoline-powered (ICE) cars?

Recent data shows that electric vehicles use up to 80% of their battery's energy to power the car, while gas cars use about 20-40% of their energy to do the same. That's a huge difference!

[Source: https://insideevs.com/features/392202/ice-vs-ev-inefficient-combustion-engine/]

Let's embrace the future of transportation and switch to electric cars to reduce our carbon footprint and save energy. 🌍🌿

03/10/2023

China's lead in electric vehicle battery production is a wake-up call for the US. The transition towards sustainable transportation is no longer a far-off goal, but an urgent necessity. China's dominance in EV battery production implies that they will have a significant influence on the direction and speed of this shift. The US risks being left behind unless it adopts a proactive approach to developing its own EV battery technology and supply chains.

At the same time, China's advancements in EV battery production present an opportunity for the US to learn from their successes and shortcomings. We can leverage their experience to develop more effective policies and investment strategies that will enable us to accelerate our own efforts towards sustainable transportation. This is not only essential for our environment and public health but also for the competitiveness of our economy in the rapidly changing global marketplace.

Join the green revolution with NexGen's eco-friendly electric vehicle battery solutions. https://nexgenmaterials.com/

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02/28/2023

📈 The rapid growth of the electronics industry is causing the demand for batteries to skyrocket. The global battery market is expected to reach $423.90 billion by 2030.

Here are some of the industry's key trends for 2023, including supply chain challenges, component bottlenecks and the latest innovations. 👉 https://bit.ly/3WMk7lE

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02/24/2023

🔋 Over the past year, the battery anode market has seen significant growth, with the supply of natural graphite struggling to keep pace.

This imbalance between supply and demand led to a 25% increase in -100 mesh flake graphite prices in 2022. Benchmark expects this trend to continue through 2023 as the supply side continues to expand relative to the increasing demand in the anode sector. Read here. 👉 https://bit.ly/3jgbDFD

02/22/2023

🔋 NexGen has assembled a team of business, financial and academic experts with the goal of closing the supply chain gap by establishing a U.S.-based sourcing and manufacturing facility for battery technology for electric vehicles and grid stabilization.

To learn more, contact us at www.nexgenmaterials.com

02/20/2023

🔋 China tops BloombergNEF's (BNEF) global lithium-ion battery supply chain rankings for the third consecutive year, both for 2022 and the 2027 forecast, thanks to continued support for electric vehicle demand and investment in raw materials. key excerpt ""China currently hosts 75% of all battery cell production capacity and 90% of anode and electrolyte production"". https://bit.ly/3DOhCbK

02/16/2023

🔋 The global electric vehicle (EV) battery market is expected to grow from $17 billion to more than $95 billion between 2019 and 2028. As demand for decarbonization of the transportation sector increases, companies that manufacture batteries for electric vehicles have seen a significant uptick.

Take a look at this graphic of the top 10 electric car battery manufacturers to see the largest battery manufacturers in the world in 2022. https://bit.ly/3jBDqRl

02/15/2023

🔋 As the world prepares for the electric vehicle era, battery manufacturing has become a priority for many countries, including the United States. However, having entered the battery race early, China is leading by a wide margin.

Based on data and forecasts underlying BloombergNEF's ranking of lithium-ion supply chains, this infographic shows battery production capacity by country in 2022 and 2027p, highlighting the extent of China's dominance in batteries and battery materials processing. https://bit.ly/3x6vlHm

02/02/2023

🔋 The US battery industry has undergone a rapid transformation in recent years to meet the growing demand for EVs. In 2022, the industry installed a record number of new battery manufacturing capacity - with most of this coming from new factories built by major automakers. Battery cell production could grow more than TENFOLD by 2030. More automakers have begun using less expensive LFP cells to better manage the cost component of batteries, making EV's more affordable for consumers. 👉 https://bit.ly/3XdghCL

01/26/2023

🪨 The high-purity manganese market is expected to face a deficit as early as 2024. Manganese has long been a staple in the steel industry, and is now also increasingly being used by battery cell manufacturers.

While cobalt based batteries have always offered greater energy density than LFP, new Lithium Manganese Ferrous Phosphate batteries (LMFP) are promising a 10%-15% increase in comparison with LFP cells. The problems associated with sourcing cobalt will drive more EV manufacturers to consider LMFP, which will drive pressure to source manganese here in the USA.

Read more: https://bit.ly/3CAqJMC

01/24/2023

🔋 The US battery industry has undergone a rapid transformation in recent years to meet the growing demand for EVs. In 2022, the industry installed a record number of new battery manufacturing capacity - with most of this coming from new factories built by major automakers. Battery cell production could grow more than TENFOLD by 2030. More automakers are have begun using less expensive LFP cells to better manage the cost component of batteries, making the EV's more affordable for consumers. 👉 https://bit.ly/3XdghCL

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8851 S Sandy Parkway
Sandy, UT
84070

Website

https://nexgenmaterials.com/

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