Canada-based NEO Battery Materials, which is developing silicon-enhanced battery materials and components, has received its first commercial purchase orders for near-term delivery from an unnamed Fortune Global 500 Asian automotive manufacturer.
The lithium-ion battery orders were issued through ENPLUS (EN+), a temporary intermediary coordinating commercial supply with the OEM.
Unlike earlier commitments that NEO has received from drone and robotics partners that require development lead times, the company has already started manufacturing for the OEM’s orders and will ship the batteries upon completion.
NEO is producing the batteries at its new facility in Gimje, South Korea. The facility’s commercial-scale electrode and high-capacity pouch cell production capabilities have enabled the company to begin production without new construction or commissioning delays.
“We are pleased to initiate commercial production with a global automotive OEM partner through EN+,” said Seok Joung Youn, Head of Manufacturing and Facility Operations at NEO. “These orders provide an opportunity to demonstrate our manufacturing capability in producing industry-grade battery components and cells. As we work toward commercial output in the automotive sector, we will continue advancing silicon-enhanced battery production and expanding our downstream market pipeline.”
Source: NEO Battery Materials
