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Chicago startup gets 4 mln USD to develop better EV batteries

Xinhua, June 26, 2016 Adjust font size:

A Chicago-based startup has recently been awarded a 4 million U.S. dollars contract to develop technology for more advanced but cheaper electric vehicle (EV) batteries.

The fund comes from the U.S. Advanced Battery Consortium (USABC) consisting of the U.S. Big Three automakers -- Ford, General Motors and Fiat Chrysler -- and the U.S. Department of Energy (DOE), SiNode Systems said in a statement.

DOE will contribute half to the fund to develop advanced anode materials for automotive lithium-ion battery applications, it added.

The 30-month program will focus on developing silicon-graphene high-energy anode material appropriate for vehicle applications, as well as developing and scaling up pouch cells that exhibit anode performance metrics exceeding the minimum USABC targets for active materials development for electric vehicles, it said.

"We believe our advanced anode materials technology will be an enabler in improving the performance and reducing the cost of advanced batteries for vehicle electrification," Samir Mayekar, co-founder and CEO of SiNode Systems, said in the statement.

Founded in 2012, SiNode Systems produces materials that offer higher battery capacity and faster charging rates based on a low-cost solution chemistry-based manufacturing process. Endit