Battery Materials Maker Nexeon Inks Supply Agreement With Panasonic
Portfolio Pulse from Shivani Kumaresan
Battery materials manufacturer Nexeon has entered into a supply partnership with Panasonic Energy Co., a Panasonic Holdings Corp (OTC:PCRFY) company. Nexeon's advanced silicon-based anode material, which can boost the energy density of lithium-ion cells by up to 50%, will be supplied to Panasonic from 2025. This will result in the production of cells that address key consumer concerns related to EVs, such as increased vehicle range and reduced charging time.
July 25, 2023 | 2:30 pm
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Panasonic's partnership with Nexeon could lead to the production of more efficient lithium-ion cells, addressing key consumer concerns in the EV market. This could potentially boost Panasonic's position in the battery market.
The partnership with Nexeon allows Panasonic to leverage Nexeon's advanced silicon-based anode material, which can significantly increase the energy density of lithium-ion cells. This could lead to the production of more efficient batteries, addressing key consumer concerns such as vehicle range and charging time in the EV market. As a result, this could potentially enhance Panasonic's competitive position in the battery market, leading to a positive impact on its stock.
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