Company announcement
Hillcrest Energy Technologies Ltd. (CSE: HEAT) (OTCQB: HLRTF) (FRA: 7HIA) at the Wheel as EV Evolution Shifts into Next Gear
- McKinsey & Company predicts battery electric vehicles and plug-in hybrid electric vehicles will comprise over 55% of new vehicle production by 2030
- Hillcrest Energy is bringing to market novel inverter technology as EV manufacturers transition to next-generation technologies, including 800-volt platforms
- Hillcrest Energy has released white papers showing the value of its inverter tech to eliminate losses and reduce capacitor size and weight, while improving power, reliability, and product life
The last couple years have presented a spate of challenges to the electric vehicle (“EV”) industry. 2020-2022 has been marked by supply chain disruptions, spikes in wholesale costs, and rise in wsticker prices that earned the ire of some consumers despite government incentives supporting the transition away from fossil fuel-powered vehicles. A deeper dive reveals an industry in transition for the better, as new technology, such as next-gen inverters from Hillcrest Energy Technologies (CSE: HEAT) (OTCQB: HLRTF) (FRA: 7HIA.F), improve efficiencies across the battery-powered spectrum.
Spurred on by global mandates to curb emissions, the EV market is accelerating in the face of any obstacles. Pundits remain bullish on the future, including global management consulting firm McKinsey & Company predicting battery electric vehicles (“BEVs”) and plug-in hybrid electric vehicles (“PHEVs”) will…
NOTE TO INVESTORS: The latest news and updates relating to HLRTF are available in the company’s newsroom at https://ibn.fm/HLRTF
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