Australian start-ups are being lured overseas to capitalise on the booming electric vehicle market and are calling on the federal government to match other countries that are spending big to manufacture batteries domestically.
abc.net.au/news/calls-government-support-lithium-battery-renewable-energy/101793740Australia has all the ingredients to become a renewable manufacturing superpower, but some start-ups still see their future overseas.The company says it is difficult to grow in Australia, where there is no mature battery manufacturing industry
The company produces a silicone composite material that dramatically improves the performance of the fuel source powering the electric vehicle revolution. "It has the ability to increase the range of an electric vehicle, reduce the up-front cost ... and charge the battery faster."The composite material is expected to grow into a $55-billion-a-year industry.
Sicona is commercialising technology that has been developed at the University of Wollongong and is operating a pilot plant out of a warehouse in the Illawarra.
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