NQ battery plant proponent hails fast-charge technology
The company’s partner, Charge CCCV (C4V), has developed and built advanced lithium ion battery battery cell technology that can significantly imporve the cycling life of commercial batteries.
The batteries achieved more than 85 per cent charge in six minutes, Magnis said. C4V is now developing a 25-50 kWh pack for demonstration to EV manufacturers.
“We look forward to producing further batteries with continued improvements for this fast-growing sector, with the aim to eventually deploy C4V’s proprietary technology at giga scale in New York and Australia,” C4V president Dr Shailesh Upreti said.
Magnis and C4V are part of the Imperium3 Townsville venture proposing a 18 GWh lithium-ion battery cell manufacturing facility in the city’s Lansdown industrial estate.
Total construction cost for the plant is estimated at more than $3 billion, however the project would be phased over three stages of 6 GWhs each, reducing the upfront capital expenditure to $1.12 billion for the first stage.
Magnis chairman Fran Poullas said fast charging usually went hand in hand with batteries degarding quickly.
But the C4V results using an unoptimised cell were exciting, and would improve further as the cell was optimised.
“This news is highly encouraging for the global battery industry and for every EV manufacturer,” he said.
“To be able to charge batteries within six minutes would be a game changer and it’s comforting to know that Magnis and C4V are at the forefront of this and other battery technologies.”
The company has also completed engineering work for a New York-based gigafactory.