Britishvolt Signs Deal With Posco Chemical For Battery Materials

The battery materials supply chain will be secure, as the two companies have signed a memorandum of understanding to work together. The companies plan to work together to establish a long-term supply chain and develop battery components in Europe. The new agreement will also help Britishvolt expand its operations and diversify its clientele. Posco Chemical will provide Britishvolt with anode and cathode active materials.

The agreement between the two companies is beneficial to Britishvolt as it supports renewable energy and has agreements with leading automakers such as Aston Martin and Lotus. The new battery plant in the UK will be able to produce up to 100GWh of energy each year. The second proposed plant will have a capacity of up to 45GWh. With the new agreement, Britishvolt can secure the necessary raw materials for battery cells, and will also be able to provide the battery materials for 1 million electric vehicles in North America by 2025. Britishvolt hopes the new deal will help revive the British automobile industry, which has taken a beating in recent years. Jaguar Land Rover, for example, is reportedly looking outside the UK to source battery materials. If Britishvolt can successfully establish a gigafactory in the UK, it could encourage more carmakers to

The new partnership between Britishvolt and Posco Chemical will provide battery materials to EV manufacturers worldwide. The company’s goal is to produce high-performance batteries for electric vehicles and electric cars. Ultimately, the new battery cells will provide BritishVolt with a competitive advantage and help make the transition to a clean energy economy much easier. BritishVolt has also secured the support of the UK government for its new battery plant in northern England and 1.7 billion pounds in private funding.