The Batteries aims to produce advanced batteries using innovative manufacturing technology. Its novel approach towards production allows to create thin film batteries at a reasonable cost.
Currently, the demand for batteries is higher than the supply. Conventional lithium-ion battery producers are selling for future production. The Batteries has devised a method to produce thin-film lithium-ion batteries that is over ten times cheaper than competitive technologies.
With a durability of approx. 500 cycles, conventional lithium-ion batteries are inferior to thin-film lithium-ion batteries, which can achieve an estimated lifetime of 10,000 cycles. Given that, and the above, 10 times cheaper production means that the unit price of The Batteries’ batteries would be just 2-3 times higher than conventional lithium-ion batteries. Possible savings can also be made from fewer battery replacements over time.