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NEO Battery Materials Ltd signs joint development agreement with North American battery cell manufacturer
Dec 20, 2024•over 1 year ago
Contract Type
partnership
North YorkManufacturing
Description
NEO Battery Materials Ltd has signed a joint development agreement with a North American battery cell manufacturer to enhance silicon anode materials for electric automotive applications. This collaboration aims to strengthen the North American battery supply chain and reduce costs. NEO is also pursuing the development of a North American Silicon Anode Plant.
Company Information
Company
NEO Battery Materials
Location
North York, Ontario, Canada
About
NEO Battery Materials (TSXV: NBM) (OTC: NBMFF) is a Canadian battery materials technology company focused on developing silicon anode materials for lithium-ion batteries in electric vehicles, electronics, and energy storage systems. With a patent-protected, low-cost manufacturing process, NEO Battery enables longer-running and ultra-fasting charging batteries compared to existing state-of-the-art technologies. The Company aims to be a globally-leading producer of silicon anode materials for the electric vehicle and energy storage industries.