We think Nano One Materials Corp. (Vancouver: NNO) is in a unique position with regard to the battery cathodes for electric cars, explains Ralph Aldis, analyst and resources sector expert at U.S.Global Investors.
The company recently completed the high temperature charging and discharging stress testing on this for its new battery, a major milestone. The battery operates at 4.7 volts, which is 25% higher than any other conventional battery cell.
That means you can go farther and pack greater energy density into it, making it a big deal. I think Nano One is one of those companies that you probably still want to be sticking to despite recent gains. It’s going to be a big winner in the longer term.
Nano One just entered into a cathode evaluation agreement with a U.S.-based multinational auto manufacturer. It also has partnerships with Volkswagen (VWAGY), Saint-Gobain, Pulead and an unnamed Asian cathode manufacturer that supplies products to an Asian auto original equipment manufacturer (OEM).
This company has presence in the market, now across three continents, a good patent portfolio, and a team that understands capital markets.
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