HPQ Presents Endura, Their Initial Commercial Battery Line Developed on GEN3 Technology
HPQ Silicon Inc. has announced the commercialization of its HPQ Endura batteries across Canada, the United States, and Mexico, aiming at a rapidly expanding combined market worth billions of USD by 2030. The company's new brand, HPQ Endura, is rooted in HPQ's novel GEN3 silicon battery technology.
The market potential for HPQ Endura in North America is significant, with the combined markets of Canada, the United States, and Mexico projected to reach billions of USD in value for relevant battery segments. Mexico is the fastest-growing market in North America for these batteries, with a projected 15% compound annual growth rate (CAGR) to USD 8.6 billion by 2030. The U.S. battery market, representing about 40% of global demand, is forecasted to grow from USD 6.37 billion to USD 16.05 billion by 2030 at a CAGR of 13.83%. Canada, accounting for approximately 5.4% of this market, is expected to grow from USD 860 million in 2024 to USD 2.46 billion by 2033.
The overall global 18650 and 21700 battery market was valued at USD 15.92 billion in 2024 and is projected to reach USD 45.60 billion by 2033, growing at a 12.4% CAGR, underscoring the strong growth fundamentals driving these segments globally and in North America.
HPQ Endura batteries deliver exceptional energy density and a cycle life nearing 1,000 full charge-discharge cycles. The batteries incorporate third-generation silicon-based anode material developed by HPQ's French technology partner, Novacium SAS. HPQ Endura is designed to serve critical sectors, including electric mobility, consumer electronics, telecommunications, and defense.
A dedicated commercial team led by Derick Lila will spearhead a scalable go-to-market strategy for HPQ Endura. The company's CEO, Bernard J. Tourillon, can be contacted for further information.
It is important to note that the company's future results are based on estimates and assumptions, and various uncertainties and risks can affect the company's performance. These include development, engineering, and planning activities, market conditions, competition, pricing pressures, risks inherent to mining exploration and development, the commercial viability of the company's technology, project timelines, business continuity challenges, geopolitical instability, environmental regulation risk, currency and exchange rate risk, technological developments, impacts of the global COVID-19 pandemic and the governments' responses thereto, and general economic conditions.
For more information about HPQ Silicon, visit their website at HPQ Silicon's web site or access further information in the SEDAR+ database. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
[1] MarketandMarkets [2] PR Newswire [3] Yahoo Finance
- The Canadian government, along with its counterparts in the United States and Mexico, could potentially create laws to support the growth of HPQ Silicon Inc.'s HPQ Endura batteries, considering the projected billion-dollar markets in value for relevant battery segments.
- The media outlets, including MarketandMarkets, PR Newswire, and Yahoo Finance, could provide updates on the commercialization of HPQ Endura batteries and the progress of HPQ Silicon Inc. in various North American markets.
- With the expansion of HPQ Endura batteries in Canada, there could be increased investment opportunities for individuals and companies interested in the business, finance, and technology sectors related to data-and-cloud-computing and the environment.
- The government may also provide incentives for the industry, helping to lower the costs associated with the production and implementation of HPQ Endura batteries in technology clusters, such as those in Toronto.
- As HPQ Endura batteries are designed to serve critical sectors like electric mobility, defense, and telecommunications, the government may focus on the innovation and technology aspect of the business as a potential driver for economic growth.
- The media, particularly financial news outlets, could report on the financial performance of HPQ Silicon Inc., tracking investments, stock prices, and potential returns for those interested in the business, finance, and investing sectors.
- In light of the significant market potential for HPQ Endura batteries in North America, the government may work to foster partnerships between the company and the relevant industries, helping to ensure a strong foothold for Canadian companies in the industry.
