Nexeon Breaks Ground on First Silicon Anode Material Production Site, Securing Path to 2025 Delivery [Yahoo! Finance]
PANASONIC HLDS CP S/ADR (PCRFY)
NASDAQ:AMEX Investor Relations:
panasonic.com/global/corporate/ir.html
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Source: Yahoo! Finance
Nexeon is on track to deliver silicon anode material starting in 2025, fulfilling the previously announced binding supply agreement with Panasonic. The strategically located site in Gunsan, South Korea, sits adjacent to OCI's facilities, enabling a "fenceline" supply of silane, a critical raw material. This co-located site with OCI enables capital efficient scaling for both companies, ensuring delivery of low-cost, superior silicon anode materials. By 2030, the new facility will have the capacity to produce significant volumes of material annually, allowing Nexeon to supply its pipeline of customers globally. GUNSAN, South Korea, April 02, 2024 BUSINESS WIRE )--Nexeon, a leader in next-generation silicon anode materials for lithium-ion batteries, today announced a major step forward with the groundbreaking of its first commercial production facility. This milestone positions Nexeon to deliver on its commitment to supply high-performance, cost-effective silicon anode material
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