AMERICAN BATTERY FACTORY SIGNS MOU WITH TINCI MATERIALS FOR BATTERY CHEMICAL MATERIAL SUPPLY [Yahoo! Finance]
ASAHI KAISEI CRP UNSP/ADR (AHKSY)
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Source: Yahoo! Finance
AMERICAN FORK, Utah Oct. 15, 2024 /PRNewswire/ -- American Battery Factory Inc. (ABF), an emerging battery manufacturer creating a domestic supply chain of lithium iron phosphate (LFP) battery cells in the United States , today announced a seven-year partnership with Tinci Materials Texas LLC to secure a supply of battery chemical materials. The agreement enables ABF to advance battery cell production processes alongside the imminent construction of the company's first gigafactory in Tucson, AZ. Materials sourced from and supplied by Tinci will be integrated into assembly of the cells, ensuring each unit is properly fit for use. ABF cells will be produced for households, businesses and utilities to optimize energy storage, enhance the power grid and make true energy independence a reality. "Securing a reliable supply of materials for battery cell production is one of the single most significant steps we can take as we roll out fully localized LFP batteries in North America ," sai
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