Sign In  |  Register  |  About Mill Valley  |  Contact Us

Mill Valley, CA
September 01, 2020 1:29pm
7-Day Forecast | Traffic
  • Search Hotels in Mill Valley

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

Hillcrest Energy Technologies Ltd. (CSE: HEAT) (OTCQB: HLRTF) Provides Details on Its ZVS Inverter Technology’s Efficiency Gains; Predicts Cost Savings of up to $700 per Vehicle

  • Hillcrest Energy recently debuted the commercial prototype of its ZVS inverter technology
  • The company revealed that its traction inverter can lead to powertrain efficiency gains of up to 13%; in practice, a gain of 1% could help drive a reduction in battery size by 2%
  • In a recent investor briefing, Hillcrest forecasted that its inverter could help automotive OEM’s reduce material costs by close to $700 per electric vehicle
  • Cost savings have increasingly become a focus of EV OEM’s, with vehicles selling for less than $55,000 eligible for a series of Government grants and rebates under the recently passed Inflation Reduction Act

In 2009, sales of electric vehicles in the United Kingdom touched a grand total of 55 cars (https://ibn.fm/4M9b2). Today, over 20 million EVs may be found on the road in distant corners of the globe, with the count expected to nearly quadruple to 77 million by 2025. The common denominator for these vehicles lays deep within their chassis. At their heart, each of those 77 million electric vehicles will contain a high-voltage battery, by far the vehicle’s most expensive component, and the fundamental driver of a veritable global race by battery manufacturers and automakers alike, to ethically source their materials and crank up production to meet exploding demand.

A recent study carried out by Reuters forecasts automakers will spend upwards of $1.2 trillion in developing and producing EVs through 2030 (https://ibn.fm/fLI1D). A significant proportion of that…

Read More>>

NOTE TO INVESTORS: The latest news and updates relating to HLRTF are available in the company’s newsroom at https://ibn.fm/HLRTF

About InvestorWire

InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you’ll need to ensure that your next press release grabs the attention of your target audience and doesn’t let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent.

As part of its service, InvestorWire provides coverage of noteworthy announcements. To further expand visibility of achievements being made throughout a multitude of sectors, InvestorWire’s syndication partners have extended the digital coverage to include individual broadcasts on financial websites and platforms visited by millions of investors daily.

For more information, please visit https://www.investorwire.com

Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://ibn.fm/Disclaimer

InvestorWire (IW)
8033 Sunset Blvd Suite 1037-IW
Los Angeles, CA 90046
310.299.1717 Office
www.investorwire.com
Editor@InvestorWire.com

InvestorWire is part of the InvestorBrandNetwork.

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
 
Copyright © 2010-2020 MillValley.com & California Media Partners, LLC. All rights reserved.