Industry Tech Preview at The Detroit Auto Show
By Matthew Kappers, CEO. Mr. Kappers has extensive transactional and operational experience working with both startups and publicly traded companies and works closely with our global research institutions as they evaluate Endurion silicon anode active materials for lithium-ion batteries, CHS, and CSpace.
Last week, I had the opportunity to attend the Industry Tech Preview of the North American International Auto Show (aka the Detroit Auto Show) and it provided interesting insights into the future of the automotive industry, particularly electric vehicles. The resounding theme throughout the show was the evolution from internal combustion engines (ICE) to electric. Earlier this year, General Motors CEO Mary Barra announced the company is planning to phase out producing ICE vehicles and go all electric by 2035; other automakers are following suit. The movement toward EV cars was evident by the way they showcased EVs and emphasized emerging EV technology.
I have a couple of major takeaways from the Tech Preview. First, the breadth and depth of innovations supporting EV development were astonishing. It encompasses more than just the battery. There were exhibitors who develop EV software, charging stations, battery hardware, and more. All of these are striving for the same goals – faster charging, higher energy density, and longer life. Our team at The Coretec Group is working to solve these industry challenges with our Endurion battery program.
My second observation was the number of governmental agencies and incubators that are ready, willing, and able to support EV development and innovation beyond funding. The Michigan Economic Development Corporation, Ann Arbor Spark, and others were well represented. They are willing to make connections between companies and organizations to advance everyone’s goals. Further, many Universities were represented at the Tech Preview. Their focus was on promoting collaborations with companies to advance the commercialization of their research and development.
In summary, the Tech Preview was encouraging to see the support for and emphasis on EV innovation from automakers, governments, incubators, and fellow innovators. Our team at The Coretec Group is proud to be part of this cohort that is making positive changes for industry, consumers, and the environment.