Group14 Technologies enters into battery material supply deal with Europe’s InoBat

In a statement Group14 Technologies said, it has entered into a battery materials supply agreement with Europe’s InoBat under a partnership to manufacture high-energy density cells for electric vehicles.

Demand for high-capacity, lithium-silicon batteries has increased as manufacturers shift to electric vehicles to tap a rapid transition to cleaner sources of energy.

InoBat, established in 2019, supplies batteries to automotive, commercial and aviation customers.

“With this partnership with InoBat, we are taking a leap to enable automotive OEMs to meet and exceed cost-parity all while … mitigating carbon emissions on a global scale,” said Group14’s CEO Rick Luebbe.

Last month, Washington-based Group14 announced a joint venture with gas manufacturer SK Materials Co Ltd to build a factory for lithium-silicon battery materials in South Korea.

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