Magnis Energy Technologies’ partner Charge develops ‘game changing’ fast charge battery for EVs

Magnis Energy Technologies ASX MNS fast charge battery EV electric vehicles
According to Magnis Energy Technologies, the battery can achieve an 85% charge in six minutes.

Magnis Energy Technologies’ (ASX: MNS) partner Charge CCCV has developed a battery that it describes as a “potential game changer for electric vehicle manufacturers”.

Testing on the unoptimised electric vehicle batteries has yielded “extra fast” charge results, with the battery achieving an 85% charge in six minutes.

“Fast charging is usually synonymous with batteries degrading quickly; however, today’s results using an unoptimised cell are exciting and will improve further as the cell is optimised,” Magnis chairman Frank Poullas said.

“This news is highly encouraging for the global battery industry and for every electric vehicle manufacturer.”

“To be able to charge batteries within six minutes would be a game change and its comforting to know that Magnis and Charge are at the forefront of this and other battery technologies,” he added.

Extra fast charge lithium-ion battery

According to Magnis, the extra fast charge lithium-ion battery developed with Charge enables operational flexibility for electric vehicles by shortening the charge time.

The battery also provides added convenience to electric vehicle drivers and has the potential to increase the vehicle’s run time.

Magnis’ partner Charge is at the “forefront” of developing batteries that are fast charging, while also maximising charging energy efficiency and battery life.

Charge has been working with commercial electric vehicle manufactures to develop future extra fast charging batteries with a focus on low cost and sustainable practices.

The battery has been developed using Charge’s proprietary high voltage bio-mineralised lithium-mixed-metal-phosphate cathode and anode material.

End user system level tests will be conducted in the coming months.

Charge president Dr Shailesh Upreti said the duo’s potential partners in the automotive industry have been “very encouraged” by the data produced so far.

“We have commenced a demonstration program to showcase the benefits of extra fast charge batteries at the system level, by committing to deliver a minimum 25KWh battery pack to an electric vehicle producer with extra fast charge capabilities,” Dr Upreti said.

He added the company would continue to improve on its extra fast charge batteries with the aim of eventually deploying the technology at a Giga scale in New York and Australia.