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Three-way partnership pairs NextSource with a leading processor and a supplier of battery anode material within the Tesla supply chain.
Provides NextSource with a complete, turn-key facility that is a duplicate of the current facilities that are processing spheronized and purified graphite (SPG) for lithium-ion batteries ( LiB ) by current suppliers to Tesla and other electric vehicle ( EV ) and hybrid vehicle ( HEV ) manufacturers.
Enables NextSource to gain immediate access to leading and established spheroidization technology intellectual property. As a result, the time required for final QA/QC of its SuperFlake® graphite with other automotive manufacturers can be significantly reduced.
Commissioning of the battery anode facility is targeted for Q4 2022.
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