![]() Sakuu plans to license its battery chemistries and market its Kavian platforms to businesses looking to implement cleaner, superior, and cost-effective energy on an extensive scale. SwiftPrint batteries also provide custom form factors and sizes, increased energy density, reusability, and anticipated process, material, and energy efficiency gains when compared to conventional battery manufacturing techniques. Sakuu aims to solve crucial problems that are regarded to impede commercial-scale production of solid-state batteries by trailblazing SwiftPrint solid-state batteries from its Kavian AM platform. Sakuu, which was founded in 2016, is commercializing next-generation lithium (Li) metal batteries and Li-metal all-solid-state batteries, which will be produced in bulk using proprietary multi-material, multi-process AM technologies. This comes at the heels of Sakuu achieving the milestone of 3D printing completely operational performant batteries in custom shapes and sizes since December 2022. The transaction has an estimated enterprise value of $705 million USD. and registered on a US national exchange under the ticker symbol ‘SAKU’. I (Plum) have announced the signing of a definitive business combination agreement that will lead to Sakuu becoming a publicly traded enterprise.Īfter the proposed transaction is completed, the merged entity will be renamed Sakuu Holdings Inc. "They claim to be able to halve the costs, which is very exciting and would be very disruptive, but I wonder what base they are comparing.Kavian platform, SwiftPrint batteries manufacturer Sakuu Corporation and a Special Acquisition Company (SPAC) Plum Acquisition Corp. "What I am sure of is no one is capable of mass producing solid-state batteries in the industry currently," Wu said in response to a question. Wu said he was skeptical that solid-state batteries were ready for mass production and of the cost reduction claims. It said it expected to be able to half the cost and weight of those batteries and deliver a charging time of 10 minutes or less. Toyota (7203.T) said last month it had overcome an issue with the durability of solid-state batteries that would pave the way for production as soon as 2027. Those batteries, currently in prototype, are expected to remain expensive for years. The company aims to shorten that charge time to five to seven minutes for the same driving range as its next target, he said.Īutomakers and some suppliers have been racing to develop solid-state batteries that would offer greater power and increased driving range. He said CATL would be able to mass produce a battery capable of delivering 400 kilometers of driving range with a 10-minute charge this year. ![]() ![]() ![]() In cold conditions, the battery also has to do extra work to heat an EV, a further drag on range. Winter weather conditions are a challenge for EVs since the cold slows reactions inside the electrolyte solution, needed to pass a charge between the battery's two electrodes. He said the new electrolyte could deliver a 50% increase in efficiency in extreme cold at minus 20 degrees Celsius and 43% under more normal temperatures. Wu did not detail how CATL had been able to achieve the improved battery performance he described. Wu Kai, CATL's chief scientist, told a forum in Shanghai that the company, the world's largest battery supplier, had developed new electrolyte materials that could sharply improve the charging efficiency of current lithium-ion battery designs. SHANGHAI, July 6 (Reuters) - Chinese battery maker CATL (300750.SZ) said on Thursday it has developed new materials for lithium-ion batteries that would sharply improve charging efficiency for electric vehicles, especially in extreme cold. ![]()
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