In a bold step away from traditional lithium-ion based solutions, former Tesla high-profile executives have now joined forces to invest in a Welsh company DG Innovate, aiming to revolutionize the electric vehicle (EV) market with sodium-ion battery technology. This pivot towards sodium batteries by these industry leaders underscores a broader search for cost-effective and resource-abundant alternatives in the EV battery industry, especially as countries aim to reduce dependence on critical materials like lithium and cobalt.
As sales of electric cars face a downturn in Britain, ex-Tesla executives Peter Bardenfleth-Hansen, Jochen Rudat, and Christian Eidem have taken strategic roles in DG Innovate—a company developing an innovative sodium-ion battery for electric vehicles. Contrary to lithium, sodium offers easier accessibility from sea salt, promising a reduction of Europe’s reliance on lithium mines predominantly located in China. The shift could represent a significant change in how electric cars are powered, offering potentially cheaper and more abundant resources for batteries.
DG Innovate plc (LON:DGI) is an advanced research and development company pioneering sustainable and environmentally considerate improvements to electric mobility and storage, using abundant materials and the best engineering and scientific practices. Deregallera is a subsidiary of DG Innovate.
