PRESS RELEASE
Battery X Metals Reports Estimated Driving Range Increase of Approximately 101 Kilometers Following Next-Generation Patent-Pending Lithium-Ion Battery Rebalancing Trial on Electric Vehicle Manufactured by One of the World's Largest Automotive Manufacturers
News Release Highlights:
Battery X Metals demonstrated an estimated driving range increase of approximately 101 kilometers per charge following completion of a full lithium-ion battery rebalancing procedure utilizing its next-generation, patent-pending lithium-ion battery Rebalancing Machine on an electric vehicle manufactured by one of the World's Largest Automotive Manufacturers by sales.
Estimated driving range increased from approximately 240 kilometers to approximately 341 kilometers per charge, representing an estimated increase of approximately 42%, while recovering approximately 85% of the vehicle's nominal driving range under the observed testing conditions.
Battery cell voltage variation improved from approximately 41 mV to approximately 4 mV following the rebalancing procedure and a four-hour stabilization period, demonstrating substantial restoration of battery cell voltage uniformity and further supporting the commercial applicability of Battery X Metals' proprietary lithium-ion battery rebalancing technology across high-volume electric vehicle platforms.
VANCOUVER, British Columbia – July 17, 2026 – Battery X Metals Inc. (CSE:BATX) (OTCQB:BATXF) (FSE:5YW0, WKN:A41RJF) (“Battery X Metals” or the “Company”) an energy transition resource exploration and technology company, announces the results of a lithium-ion battery rebalancing procedure conducted by an international arm’s length third-party automotive service center on an electric vehicle manufactured by one of the World's Largest Automotive Manufacturers by sales,1 which sold approximately 2.9 million vehicles during 2025 and serves customers in more than 100 countries2 (the "Electric Vehicle"), with such results provided by the Company’s strategic next-generation lithium-ion battery rebalancing hardware and software development partner, Beijing Pengneng Science & Technology Ltd. (“BJPN”).
The evaluation included battery diagnostics and real-world performance measurements conducted before and after completion of a full lithium-ion battery rebalancing procedure utilizing the Company's next-generation software and hardware machine (the "Rebalancing Machine"). The results demonstrated measurable improvements in estimated driving range together with significant improvements in battery cell voltage uniformity under the specific operating conditions observed during testing (the "Results").
Performance Summary
The Results demonstrated measurable improvements in estimated driving range together with significant improvements in battery cell voltage uniformity following completion of the Company's lithium-ion battery rebalancing procedure. Under the specific operating conditions observed during testing, the evaluated electric vehicle exhibited an estimated driving range increase from approximately 240 kilometers to 341 kilometers per charge, representing an estimated improvement of approximately 101 kilometers, or 42%. According to the third-party evaluation, the vehicle recovered approximately 85% of its nominal driving range, demonstrating a meaningful restoration of usable battery performance without replacement of the battery pack.
| Metric | Pre-Rebalancing | Post-Rebalancing | Improvement |
|---|---|---|---|
| Estimated Driving Range | 240 km | 341 km | +101 km |
| Displayed Remaining Range | 50 km | 57 km | +7 km |
| Battery Pack Voltage | 372.4 V | 387.3 V | +14.9 V |
| Maximum Cell Voltage | 3.231 V | 3.341 V | - |
| Minimum Cell Voltage | 3.190 V | 3.337 V | - |
| Cell Voltage Difference | 41 mV | 4 mV | 90% Reduction |
In addition to the estimated increase in driving range, the evaluation demonstrated a substantial improvement in battery cell voltage balance. Prior to rebalancing, the battery pack exhibited a maximum cell voltage variance of approximately 41 millivolts. Following completion of the rebalancing procedure and a four-hour stabilization period, cell voltage variance was reduced to approximately 4 millivolts, representing an approximate 90% reduction in voltage deviation across the battery pack. This improvement in voltage uniformity is consistent with the Company's objective of correcting naturally occurring lithium-ion cell imbalance to improve usable battery capacity and overall battery performance.
The rebalancing procedure was completed through direct physical interfacing with the battery pack utilizing the Company's Rebalancing Machine and did not incorporate standardized adaptor solutions currently under development for broader commercial deployment. The Results reflect performance observed under the specific testing conditions at the time of evaluation and may vary depending on vehicle platform, battery chemistry, battery condition, operating history, environmental factors and other operating conditions. Nevertheless, the combination of a measurable improvement in estimated driving range, substantial restoration of battery cell voltage uniformity, and recovery to approximately 85% of the vehicle's nominal driving range further supports the commercial potential of the Company's proprietary lithium-ion battery rebalancing technology as a battery lifespan extension solution for high-volume electric vehicle platforms.
Positioning Within a Growing Battery Lifecycle Opportunity
Global electric vehicle adoption continues to accelerate, resulting in a rapidly expanding population of lithium-ion batteries that is anticipated to transition beyond original manufacturer warranty coverage over the coming years. As these vehicles age, battery cell imbalance and capacity degradation may reduce usable driving range, diminish battery performance, and increase the economic burden associated with complete battery replacement.
Battery X Metals is developing its next-generation, patent-pending lithium-ion battery rebalancing platform to address this emerging battery lifecycle opportunity. Rather than replacing battery modules or complete battery packs where cell imbalance is a contributing factor, the Company's technology is designed to restore usable battery performance by correcting cell voltage imbalance, with the objective of improving battery utilization, extending battery service life, and reducing the need for premature battery replacement.
The Results announced herein further expand the Company's growing body of validation across high-volume electric vehicle platforms. The ability to demonstrate measurable improvements in estimated driving range and battery performance on vehicles manufactured by one of the World's Largest Automotive Manufacturers further supports the potential commercial applicability of the Company's technology across a broad and growing installed base of electric vehicles.
The Company continues to advance validation across additional electric vehicle platforms, battery chemistries, and operating conditions as it progresses toward broader commercialization. While additional validation remains ongoing, the Company believes these Results represent another important milestone in demonstrating the scalability and commercial relevance of its patent-pending lithium-ion battery rebalancing technology within the emerging battery lifecycle management market.
The Problem: Rising EV Adoption Presents New Battery Lifecycle Challenges
In 2024, global EV sales reached approximately 17.1 million units, representing a 25% increase from 2023.2 With cumulative global EV sales from 2015 to 2023 totaling an estimated over 40 million units,3 a significant share of the global EV fleet is expected to exit warranty coverage over the coming years. 4,5
By 2031, nearly 40 million electric, plug-in hybrid, and hybrid vehicles worldwide are anticipated to fall outside of their original warranty coverage.4.5 This projection is based on current EV adoption figures and standard industry warranty terms, and underscores a growing risk for EV owners facing battery degradation, reduced capacity, and costly replacement requirements.6 As the global EV fleet continues to expand, the demand for technologies that extend battery life, reduce long-term ownership costs, and support a sustainable transition to electric mobility is increasing.
The Solution: Pioneering Next-Generation Technologies to Support Lithium-Ion Battery Longevity
Battery X Rebalancing Technologies’ proprietary software and hardware technology aims to address this challenge by extending the lifespan of EV batteries. This innovation is being developed with the aim to enhance the sustainability of electric transportation and the goal to provide EV owners with a more cost-effective, environmentally friendly ownership experience by reducing the need for costly battery replacements.
Battery X Rebalancing Technologies’ rebalancing technology, validated by the National Research Council of Canada (“NRC”), focuses on battery cell rebalancing. The NRC validation demonstrated the technology’s ability to effectively correct cell imbalances in lithium-ion battery packs, recovering nearly all lost capacity due to cell imbalance. The validation was conducted on battery modules composed of fifteen 72Ah LiFePO₄ cells connected in series. The cells were initially balanced to a uniform state of charge (SOC), with a measured discharge capacity of 71.10Ah. In the validation test, three of the fifteen cells were then artificially imbalanced—one cell was charged to a 20% higher SOC, and two cells were discharged to a 20% lower SOC—resulting in a reduced discharge capacity of 46.24Ah, representing a decrease of approximately 35%. Following rebalancing using Battery X Rebalancing Technologies’ rebalancing technology, the battery module’s discharge capacity was restored to 70.94Ah, representing the recovery of approximately 99% of the capacity lost due to cell imbalance.
These advancements establish Battery X Rebalancing Technologies as a participant in lithium-ion and EV battery solutions, aiming to tackle the critical challenges of capacity degradation of battery packs and expensive replacements. By extending the lifecycle of battery materials within the supply chain, Battery X Rebalancing Technologies aims to support the energy transition and promote a more sustainable future.
No Relationship with Manufacturer
The Company confirms that the Electric Vehicle evaluated in the Results disclosed herein was independently serviced by an arm's length third-party automotive service provider utilizing the Company's Rebalancing Machine.
The Company does not have, nor does it represent that it has, any partnership, collaboration, commercial agreement, authorization, endorsement, affiliation, or other business relationship with the manufacturer of the evaluated Electric Vehicle in connection with the Results disclosed in this news release. Any reference to the manufacturer or its relative market position is made solely for the purpose of accurately describing the category of vehicle evaluated and providing factual context regarding the commercial relevance of the Results.
The Results disclosed herein are based on a single vehicle evaluation conducted under specific operating and testing conditions and may not be representative of performance across all vehicles, battery chemistries, battery conditions, or operating environments. Estimated driving range values are based upon vehicle-reported estimates observed during testing and should not be interpreted as guaranteed or universally achievable performance. Actual performance may vary depending upon numerous factors, including battery health, vehicle usage, charging practices, driving behavior, environmental conditions, and battery management system operation.
1 Reuters, 2 EVLife, 2 Rho Motion – Global EV Sales 2024, 3 IEA Global EV Outlook 2024, 4 IEA, 5 U.S. News, 6 Recurrent Auto
About Battery X Metals Inc.
Battery X Metals (CSE:BATX) (OTCQB:BATXF) (FSE:5YW0, WKN: A41RJF) is an energy transition resource exploration and technology company committed to advancing domestic battery and critical metal resource exploration and developing next-generation proprietary technologies. Taking a diversified, 360° approach to the battery metals industry, the Company focuses on exploration, lifespan extension, and recycling of lithium-ion batteries and battery materials. For more information, visit batteryxmetals.com.
On Behalf of the Board of Directors
Massimo Bellini Bressi, Director
For further information, please contact:
Massimo Bellini Bressi
Chief Executive Officer
Email: mbellini@batteryxmetals.com
Tel: (604) 694-9823
Disclaimer for Forward-Looking Information
This news release contains forward-looking statements within the meaning of applicable securities laws. Forward-looking statements in this release relate to, among other things: the interpretation, significance, and implications of the Results derived from the lithium-ion battery rebalancing procedure conducted on the Electric Vehicle; the observed and estimated improvements in driving range, battery cell voltage uniformity, and recovery of nominal driving range following rebalancing; the repeatability, scalability, and commercial relevance of such Results across additional electric vehicles, battery chemistries, battery platforms, and operating conditions; the applicability of the Company's proprietary lithium-ion battery rebalancing technology to high-volume electric vehicle platforms and the broader electric vehicle market; the ability of the Company's rebalancing technology to improve battery utilization, restore usable battery performance, and extend battery service life without requiring battery module or battery pack replacement; the potential economic, operational, and environmental benefits of the Company's technology, including increased effective driving range, reduced charging frequency, enhanced fleet efficiency, lower total cost of ownership, and reduced battery replacement requirements; the anticipated growth in demand for battery lifecycle management solutions as increasing numbers of electric vehicles transition beyond original manufacturer warranty coverage; the continued development, validation, optimization, and commercialization of the Company's patent-pending lithium-ion battery rebalancing hardware and software platform, including standardized adaptor solutions for broader deployment; the Company's ability to continue expanding validation across additional electric vehicle platforms and real-world operating environments; and the Company's broader objectives relating to lithium-ion battery lifespan extension, battery lifecycle management, sustainability, and participation in the global energy transition. Forward-looking statements are based on management's current expectations, estimates, assumptions, and projections that are believed to be reasonable as of the date of this news release, including assumptions regarding lithium-ion battery performance, degradation characteristics, and response to battery rebalancing; the accuracy, reliability, and representativeness of the third-party evaluation and the Results reported herein; the accuracy of estimated driving range measurements under the testing conditions; the ability of the Company's rebalancing technology to perform consistently across different electric vehicle platforms, battery chemistries, battery conditions, and operating environments; the continued growth of the global electric vehicle market and the anticipated increase in out-of-warranty electric vehicles; and the Company's ability to successfully continue development, validation, and commercialization of its battery rebalancing technology on anticipated timelines. However, forward-looking statements are inherently subject to known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to: variability in battery age, chemistry, condition, usage history, degradation characteristics, and state of health; differences in vehicle design, battery architecture, battery management systems, driving behaviour, charging practices, environmental conditions, and duty cycles; limitations associated with testing under specific service conditions; the possibility that the Results described herein may not be replicated across broader vehicle populations or commercial applications; technical, engineering, operational, manufacturing, regulatory, or commercialization challenges; delays or failures in the development of standardized adaptor solutions or broader deployment strategies; reliance on third-party service providers, technology partners, suppliers, and strategic relationships; changes in market conditions, customer adoption, or competitive technologies; and other risks associated with the development and commercialization of emerging clean technologies. There can be no assurance that the Results described herein will be replicated in future evaluations or commercial applications, that comparable improvements in driving range or battery performance will be achieved across additional electric vehicle platforms or operating conditions, or that the Company will successfully commercialize its proprietary battery rebalancing technology. Except as required by applicable securities laws, the Company undertakes no obligation to update or revise any forward-looking information to reflect new information, future events, or otherwise. Readers are cautioned not to place undue reliance on forward-looking statements and are encouraged to consult the Company's continuous disclosure filings available under its profile at SEDAR+ for additional risk factors and further information.