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China’s Gen Z investors are turning fund managers into social media stars

On a fan community page on Chinese social media platform Weibo, hundreds of users have posted comments and pictures, some covered in little red hearts, to express their admiration for a star they affectionately call Kun Kun. “Kun Kun flies bravely, iKun will always follow him; Kun Kun never gets old, and will remain a blue-chip till the end,” some users wrote alongside the picture. “Kun Kun,” whose full name is Zhang Kun, is neither a pop star nor actor. Instead, he is one of China’s most prominent fund managers who oversees around 120 billion yuan ($18.6 billion) in assets at E Fund Management, an established Chinese asset management firm. Zhang’s followers, who label themselves “iKun,” (“i” is a homophone for the Chinese word love), have also created accounts on Weibo posing as his “global fan clubs.” “Kun Kun, I would like to accompany you for many, many years,” a follower wrote. “Let’s witness both the bull and bear markets, but still return with young hearts.” ...

Scientists Made a Nearly Invincible Lithium-Ion Battery

This new type of battery can be cut, bent, soaked, shot, and lit on fire—and it still powers up just fine.

Tweezers holding a lithium ion battery
ILLUSTRATION: CASEY CHIN; GETTY IMAGES

Lithium-ion batteries have shaped the modern world. These power pouches are at the heart of most rechargeable electronics, from cell phones and laptops to vapes and electric cars. But while they’re great at holding a charge and have a high energy density, lithium-ion batteries aren’t without their problems. Their reliance on toxic, flammable materials means the smallest defect can result in exploding gadgets.

A team of researchers led by physicists at the Johns Hopkins Applied Physics Laboratory believed a safer battery was possible, and for the past five years they have been developing a lithium-ion battery that’s seemingly immune to failure. The rugged battery they first unveiled in 2017, working with researchers at the University of Maryland, can be cut, shot, bent, and soaked without an interruption in power. Late last year, the Johns Hopkins team pushed it further, making it fireproof and boosting its voltages to levels comparable with a commercial product. Samsung, eat your heart out.

a torch blowing a lithium gel
The electrolyte at the core of the new battery is a mix of lithium salts and a soft plasticky material that won't catch on fire or explode.
COURTESY OF JOHNS HOPKINS APL

The secret to making an indestructible battery comes down to the electrolyte, the chemical goulash that separates the positive and negative ends of a battery, says Konstantinos Gerasopoulos, a senior scientist at APL who is leading the research. When you use a lithium-ion battery, charged lithium particles travel through a barrier in the electrolyte from the anode (the negative end) to the cathode (the positive end), where they undergo a chemical reaction that produces energy.

Most lithium-ion electrolytes are a mix of flammable lithium salts and toxic liquids, which means that “in today’s lithium-ion chemistry you have a recipe for disaster,” says Jeff Maranchi, the materials science program manager at APL. If the permeable barrier that separates the cathode from the anode crumbles, it creates a short circuit—and a whole lot of heat. When all this heat hits a highly flammable material like lithium-ion electrolyte next to the oxygen-rich cathode in the battery, you’ve got a flaming electronic device on your hands.

Aqueous batteries avoid all these problems, with electrolytes that are water-based and therefore both nonflammable and nontoxic. They’ve been around for 25 years but have been too weak to be useful. What the APL team figured out is that by increasing the concentration of lithium salts and mixing the electrolyte with a polymer—a material resembling a very soft plastic—they could bump the electric potential from around 1.2 volts to 4 volts, which is comparable with commercial lithium-ion batteries.

When Gerasopoulos and his colleagues attached a commercially available anode and cathode to this plasticky electrolyte, they ended up with a lithium-ion battery unlike anything you’ve ever seen. It’s clear and flexible like a contact lens, nontoxic and nonflammable, and can be manufactured and operated in the open air without a case. On top of that, it can withstand pretty much any kind of abuse.

During tests, which you can watch here, the APL team submerged the device in salt water, cut it with scissors, used an air cannon to simulate a ballistic impact, and lit it on fire. Through each test, the battery kept pumping out electricity. After one trial by fire, the charred portion was cut off and it continued to operate normally for 100 hours.

The new water-based battery isn’t just a laboratory curiosity, says Maranchi. The APL team is already in talks with undisclosed manufacturers who they say could integrate the new chemistry and form factor into existing lithium-ion production facilities without much difficulty. It could be on the market within two years, he says, and go where no battery has gone before.

Because it is flexible, it could be incorporated into wearable electronics, even eventually integrated directly into clothing fiber. Its ruggedness also suggests new uses in a host of military and scientific applications, such as autonomous underwater vehicles, drones, and satellites.

There are still a few technical hurdles to overcome, such as increasing the number of charging cycles an aqueous battery can handle. A typical smartphone battery can be recharged well over 1,000 times, but this APL battery begins to lose efficiency after just 100 cycles. Fine-tuning the electrolyte chemistry should provide a fix, Gerasopoulos says.

At last, the era of the exploding gadget may be coming to a close.

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