Group14 Signs Agreements with Five Leading EV and CE Cell Manufacturers Supporting Global Electrification Efforts [Yahoo! Finance]
TDK CORP S/ADR (TTDKY)
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Source: Yahoo! Finance
June 4, 2024 /PRNewswire/ -- Group14 Technologies , Inc., the world's largest global manufacturer and supplier of advanced silicon battery materials, announces the signing of five multi-year binding offtake agreements amounting to a minimum commitment of over $300 million with three leading electric vehicle (EV) and two consumer electronic (CE) cell manufacturers across Europe Asia , and North America . These strategic supply agreements continue to demonstrate Group14's progress in driving the global adoption of next-generation silicon battery technology. The agreements will allow Group14's customers to deliver the highest performance batteries in production today to a diverse array of industries, including automotive, CE, electric vertical take-off and landing (eVTOL), and other markets. This reflects the broad applicability and high demand for Group14's breakthrough silicon-carbon anode material, SCC55 ® . This material is engineered to deliver superior energy density, faster char
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