FREYR Battery Concludes Raw Materials Agreement
FREYR Battery, Inc. (FREY)
Company Research
Source: Business Wire
NEW YORK & OSLO, Norway & LUXEMBOURG--(BUSINESS WIRE)--FREYR Battery (NYSE: FREY) (“FREYR”), a developer of clean, next-generation battery cell production capacity, has entered into a reservation agreement with Changzhou Senior New Energy Materials Co., Ltd. and Senior Material (Europe) AB to supply battery materials for its Customer Qualification Plant (“CQP”), currently under construction in Mo i Rana, Norway, as well as for the company’s planned combined Gigafactory 1 & 2.Subject to the terms and conditions of the reservation agreement, Changzhou Senior New Energy Materials Co. and Senior Material (Europe) AB have reserved the supply capacity of separator materials through 2028 to align with FREYR’s estimated demand, after which FREYR can exercise a capacity option that would extend the agreement until 2031.“This reservation agreement ensures that we won’t lose any speed when it comes to securing the required separator materials to start production at our CQP and Gigafactory 1
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FREY
Earnings
- 2/29/24 - Beat
FREY
Sec Filings
- 4/19/24 - Form DEFA14A
- 4/19/24 - Form 8-K
- 4/18/24 - Form 8-K
- FREY's page on the SEC website