FREYR Battery (FREY) Concludes Raw Materials Agreement

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Go back to FREYR Battery (FREY) Concludes Raw Materials Agreement

FREYR Battery Concludes Raw Materials Agreement

June 15, 2022 7:21 AM EDT

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 companys 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... More