Periodic Reporting for period 1 - NEWIR (NEW WIRING for VEHICLES)
Reporting period: 2016-03-01 to 2016-06-30
The goal of our project is to address this issue, developing an integrated plant that will electro-plate aluminium wire with copper and normalise it. These new cables will weigh about half as much as the equivalent copper cables and will have an approximately 40% lower production cost.
The replacement of all electric copper wires in a mid-sized car with galvanic plated aluminum electric wires can lead to a weight reduction of 85 Kg, which brings, for this application only, to an average reduction of 115Kg in CO2 emission.
All activities carried out in the feasibility have demonstrated the validity of the business idea, both from the technological and the economic points of view.
No high risks able to harm the development of our project have been identified; in any case potential risks which can affect the advancement of the project have been discussed, with their consequences and probability they could happen. It has been defined a list of risk-mitigation measures.
The business planning has allowed to define with precision all the economic elements involved in the project and the related investment needs; the projections in terms of revenues and net-profit developed in the business plan are positive, therefore they encourage us to continue the project.