NanoXplore Unit to Supply Li

Blog

HomeHome / Blog / NanoXplore Unit to Supply Li

Aug 24, 2023

NanoXplore Unit to Supply Li

By Robb M. Stewart Canadian graphene powder manufacturer NanoXplore said commercial terms have been agreed for a deal to supply Li-ion battery cells with a commercial vehicle maker. The Montreal-based

By Robb M. Stewart

Canadian graphene powder manufacturer NanoXplore said commercial terms have been agreed for a deal to supply Li-ion battery cells with a commercial vehicle maker.

The Montreal-based company said Thursday the agreement with the undisclosed vehicle company will see battery cells produced at its VoltaXplore subsidiary's gigafactory from 2026.

The agreement covers 1 gigawatt hour per year for a duration of 10 years, following a pricing formula that passes through raw material costs to the customer, NanoXplore said.

At the same time, the company said Nicolas Veilleux has been named director of automation and construction at VoltaXplore. Veilleux worked as the senior manager of cell controls engineering at Tesla before joining VoltaXplore this year.

Write to Robb M. Stewart at [email protected]

The Invesco S&P 500 GARP ETF selects rapidly growing companies that are trading at lower valuations than the tech highfliers that dominate the stock market.

Dow Jones Newswires is a market-moving financial and business news source, used by wealth managers, institutional investors and fintech platforms around the world to identify trading and investing opportunities, strengthen advisor-client relationships and build investor experiences. Learn More.