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News For PCAR From the Last 2 Days
PCAR
Nov 19, 2019 | 13:01 EST
Nikola Motor, which designs and manufactures electric components, drivetrains and vehicles including the Nikola One and Nikola Two electric semi-trucks said in a statement: "Nikola Corporation is excited to announce details of its new battery that has a record energy density of 1,100 watt-hours per kg on the material level and 500 watt-hours per kg on the production cell level. The Nikola prototype cell is the first battery that removes binder material and current collectors, enabling more energy storage within the cell. It is also expected to pass nail penetration standards, thus reducing potential vehicle fires. This battery technology could increase the range of current EV passenger cars from 300 miles up to 600 miles with little or no increase to battery size and weight. The technology is also designed to operate in existing vehicle conditions. Moreover, cycling the cells over 2,000 times has shown acceptable end-of-life performance. This month, Nikola entered into a letter of intent to acquire a world-class battery engineering team to help bring the new battery to pre-production. Through this acquisition, Nikola will add 15 PhDs and five master's degree team members. Due to confidentiality and security reasons, additional details of the acquisition will not be disclosed until Nikola World 2020. "This is the biggest advancement we have seen in the battery world," said Trevor Milton, CEO, Nikola Motor Company. "We are not talking about small improvements; we are talking about doubling your cell phone battery capacity. We are talking about doubling the range of BEVs and hydrogen-electric vehicles around the world." Companies that may be impacted by this include Cummins (CMI), Tesla (TSLA), Navistar (NAV) ,General Motors (GM) and Paccar (PCAR) Reference Link