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  • Magnesium Batteries Could Establish US Leadership in EV Battery Market  0 comments
    Dec 19, 2011 10:09 AM | about stocks: CDII
    Magnesium Batteries Could Establish US Leadership in EV Battery Market
     
    POINT ROBERTS, December 19, 2011 - InvestorIdeas.com, a leader in cleantech research and news for investors, reports on new developments in high efficient magnesium batteries. 
     
    Magnesium production and demand has nearly doubled in the past 10 years, and now a global need for green vehicle solutions may spike the demand even further.
     
    Hoping to be first to market with a magnesium battery for electric cars, Pellion Technologies, Inc (www.pelliontech.com) is developing low-cost rechargeable Magnesium Batteries with high energy density.
     
    Competing with lithium-ion batteries, magnesium batteries will potentially be cheaper, more efficient and also address a new issue that has come to surface – safety.  
     
    According to the Advanced Research Projects Agency at the US Department of Energy site, “Pellion Technologies, an MIT spin-out company, will develop inexpensive high-energy-density rechargeable magnesium-ion batteries with the potential to disrupt current energy storage technologies for electric and hybrid-electric vehicles. To develop a game-changing 33 magnesium-ion battery, Pellion will leverage high throughput computational materials design, coupled with accelerated materials synthesis and electrolyte optimization, to identify new high-energy density magnesium cathode materials and compatible electrolyte chemistries. If successful, this project will develop the first commercial magnesium-ion battery and will establish U.S. technological leadership in this exciting new high energy battery chemistry for electrified vehicle applications.”

    With US auto sales improving and global demand and pressure  to address climate change with green automotive solutions, magnesium producer China Direct Industries, Inc. (NASDAQ:CDII) , is positioned with a substantial lead in market share of supplying pure magnesium and will be a key player in the green roads of the future.     
     
    China Direct Industries Inc. (NASDAQ:CDII), is a U.S. based company that sources, produces and distributes industrial commodities in China and the Americas and provides business and financial consulting services. Headquartered in Deerfield Beach, Florida with corporate offices in Shanghai, China Direct Industries' unique infrastructure provides a platform to expand business opportunities globally while effectively and efficiently accessing the U.S. capital markets.
     
    For more information about China Direct Industries, please visit http://www.cdii.net
     
    Contact Information:
    Pearl Group Advisors, Inc
    954.232.5363
    China Direct Industries, Inc.
    Richard Galterio or Lillian Wong
    Investor Relations
    Phone: 1-877-China-57
    Email: richard.galterio@cdii.net
    lillian.wong@cdii.net
     
     
    China Direct Industries, Inc. (NasdaqGM: CDII) is a featured stock on Investorideas.com
     
     
    About InvestorIdeas.com:
    InvestorIdeas.com is a leader in investor stock research by sector. Sectors we cover include; cleantech and renewable energy stocks, biotech stocks, mining and gold stocks, energy stocks, water, tech, defense stocks, nanotech, agriculture and gaming.
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    Disclosure/ disclaimer: Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All information published is from public filings, news, SEC filings and or company comments and quotes .China Direct Industries, Inc. (NasdaqGM: CDII) One month online marketing paid for by third party Pearl Group; twelve thousand five hundred, to include CFA Commentary, email distribution with other Investorideas.com partners and network of online media which are also compensated as part of this overall marketing (please read their disclosures)
     
    Contact Investorideas.com
    800 665 0411
    Dvanzant@investorideas.com
     
     
    Themes: magnesium Stocks: CDII
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