Wednesday, November 20, 2024
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24M Technologies Introduced High-performance EV Battery

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24M Technologies, a Massachusetts-based company, has made unprecedented progress in electric vehicle (EV) battery technology by launching a new battery that could reach 1,000 miles on a single charge. This innovation is set to reshape the auto industry, addressing a major concern among EV consumers: limited driving range. The company leveraged its extensive research and expertise in energy storage solutions to develop this battery. Founded after the company’s separation from the Massachusetts Institute of Technology (MIT) in 2015, 24M Technologies has focused on merging pre-existing technologies to create a superior battery that meets the evolving needs of EV manufacturers and consumers alike.

According to Precedence Research’s detailed report, the global electric vehicle battery market size was valued at USD 76.59 billion in 2024, grew to USD 92.72 billion in 2025, and is predicted to be worth USD 573.08 billion by 2033, expanding at a CAGR of 25.1% during the forecast period 2024 to 2033.

Electric Vehicle Battery Market Size 2024 to 2033

This cutting-edge battery is designed with efficiency in mind, prioritizing range over luxury features, which appeals to consumers who value practicality and performance. By offering such an extended range, 24M Technologies is positioned to significantly enhance the appeal of electric vehicles, particularly for long-distance travelers who previously hesitated due to range anxiety. With this innovative product, 24M Technologies aims to provide electric vehicle manufacturers with a competitive edge, enabling them to offer vehicles that can travel considerable distances without the frequent need for charging—an essential factor for accelerating the adoption of electric mobility in the United States and beyond.

The widespread adoption of lithium-ion batteries has led to significant safety concerns among consumers, primarily due to their high energy density and the necessity for frequent recharging after only a few miles of driving. These factors have fueled anxiety regarding the potential risks associated with battery malfunctions or overheating. To address and mitigate these concerns, 24M is innovatively employing lithium metal as a separator within battery designs. This breakthrough approach not only enhances the overall safety of the batteries by significantly reducing the risk of fires but also reassures consumers and electric vehicle (EV) manufacturers about the reliability of their products.

Furthermore, 24M is spearheading an initiative to implement semisolid electrolytes in their batteries. This advancement is designed to eliminate the need for traditional thermal conductive materials, such as plastics, copper, and aluminum, which have been commonly used in battery construction. By moving away from these materials, 24M aims to improve both the safety and efficiency of its batteries, ultimately contributing to the creation of more resilient and long-lasting energy storage solutions for electric vehicles. This comprehensive approach reflects the company’s commitment to enhancing battery technology while prioritizing consumer safety and environmental sustainability.

After the launch of the battery, EVs integrated with 1000-mile ranges will not be available in the US for the upcoming years since they have yet to be tested and checked to see whether they fulfill all the regulatory requirements of the EV companies. China’s plug-in hybrid could reach 1300 miles on a single charge compared to the US model.

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Aditi
aditi@towardsevsolutions.com | Website | + posts

Aditi, a powerhouse in the world of market research with over 14 years of experience, driving insightful narratives for the rapidly evolving electric vehicle (EV) industry. With a sharp eye for detail and an innate ability to decode trends across multiple sectors, Aditi is more than just an expert—she's a trendsetter. Her special interest in the ICT and automotive industries, combined with cross-domain expertise, allows her to approach EV news from a fresh, multifaceted perspective.

Aditi’s writing doesn’t just inform, it engages. She brings the technical world of EVs to life with clarity and vision, making complex trends digestible for professionals and curious readers alike. Her years of market research mean she’s always one step ahead, identifying the hidden shifts that shape the future of mobility. Whether it's the latest technological breakthroughs in battery innovation, or the impact of ICT developments on the automotive supply chain, Aditi ensures her readers are never in the dark.

Aditi

Aditi, a powerhouse in the world of market research with over 14 years of experience, driving insightful narratives for the rapidly evolving electric vehicle (EV) industry. With a sharp eye for detail and an innate ability to decode trends across multiple sectors, Aditi is more than just an expert—she's a trendsetter. Her special interest in the ICT and automotive industries, combined with cross-domain expertise, allows her to approach EV news from a fresh, multifaceted perspective. Aditi’s writing doesn’t just inform, it engages. She brings the technical world of EVs to life with clarity and vision, making complex trends digestible for professionals and curious readers alike. Her years of market research mean she’s always one step ahead, identifying the hidden shifts that shape the future of mobility. Whether it's the latest technological breakthroughs in battery innovation, or the impact of ICT developments on the automotive supply chain, Aditi ensures her readers are never in the dark.