EnerSys Enters Non-Binding Memorandum Of Understanding With Verkor SAS To Explore Development Of Lithium-Ion Battery Factory In US
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EnerSys has entered a non-binding Memorandum of Understanding with Verkor SAS to explore the development of a lithium-ion battery factory in the US. The companies are working on plans, determining the optimal location, and evaluating funding and operating structures.
June 14, 2023 | 8:19 pm
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EnerSys (ENS) has signed a non-binding MOU with Verkor SAS to explore the development of a lithium-ion battery factory in the US, potentially expanding its product offerings and market reach.
The MOU between EnerSys and Verkor SAS indicates a potential expansion of EnerSys' product offerings and market reach. The development of a lithium-ion battery factory in the US could lead to increased revenues and growth for EnerSys, positively impacting its stock price in the short term.
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