Hillcrest Energy Technologies Ltd. (CSE: HEAT) (OTCQB: HLRTF) Provides Details on Its ZVS Inverter Technology’s Efficiency Gains; Predicts Cost Savings of up to $700 per Vehicle
Hillcrest Energy recently debuted the commercial prototype of its ZVS inverter technology The company revealed that its traction inverter can lead to powertrain efficiency gains of up to 13%; in practice, a gain of 1% could help drive a reduction in battery size by 2% In a recent investor briefing, Hillcrest forecasted that its inverter could help automotive OEM’s reduce material costs by close to $700 per electric vehicle Cost savings have increasingly become a focus of EV OEM’s, with vehicles selling for less than $55,000 eligible for a series of Government grants and rebates under the recently passed Inflation…