Group14 and CustomCells Sign a Multi-Year Supply Agreement for Advanced Silicon Battery Material [Yahoo! Finance]
TDK CORP S/ADR (TTDKY)
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Source: Yahoo! Finance
CustomCells accelerates aggressive growth plans with the integration of Group14 silicon battery material in the electric vehicle (EV), eMobility, and eAviation sectors WOODINVILLE, Wash. and ITZEHOE, Germany July 8, 2024 /PRNewswire/ -- German battery pioneer CustomCells and Group14 Technologies , the world's largest global manufacturer and supplier of advanced silicon battery material, today announced they have signed a multi-year supply agreement, enabling CustomCells to procure SCC55 ® , Group14's advanced silicon battery material. CustomCells is planning to develop a factory in the United States with a capacity of up to 2GWh, underlining their North American growth plans. This supply agreement between Group14 and CustomCells is expected to exceed US$300M of contract value to secure a substantial supply of SCC55 ® beyond 2030, ensuring CustomCells' long-term capability to meet demand for their high-performance battery cells. "In collaboration with leading cell developers lik
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