Benchmark Releases Report on 234% Silumina Anode Growth Surge

Release Highlights:

• Altech Batteries is strategically positioned to benefit from the projected 234% increase in global silicon anode production capacity in 2024. Their innovative Silumina Anodes project, which involves coating silicon with alumina for use in lithium-ion batteries, aligns perfectly with the industry’s move towards mainstream adoption of silicon anodes.
• The fully constructed pilot plant in Germany is in the final stages of commissioning, marking a significant milestone for Altech. This readiness allows Altech to soon produce commercial samples of Silumina Anodes for potential customers, including major automobile manufacturers. This development is timely as the industry sees increased capital commitments and capacity expansions, particularly in China and South Korea.
• Altech’s next-generation Silumina Anodes are designed to overcome traditional challenges associated with silicon anodes, such as expansion and degradation. With the market poised for significant growth, Altech’s commitment to innovation and quality positions them as a key player in the evolving silicon anode industry, as highlighted by Benchmark’s Silicon Anode Forecast.