There are several rules for telling when an automotive technological breakthrough is real.
1. You recognize the name of the company talking about the breakthrough.
2. The breakthrough is not promised “as soon as funding – or government approval – is secured.”
3. Other major companies announce similar projects or join in on the one announced.
Those rules are really critical when it comes to battery technology. As electric cars have progressed during the past three decades, we’ve seen a similar progression in battery technology. But the promises of battery advances have not always mapped to reality.
Ilika plc (LON:IKA) is a pioneer in materials innovation and has been inventing new materials for energy and electronics applications for over a decade. Global brands such as Rolls Royce and Toyota have long term collaborations with Ilika’s development teams.