FREYR Battery Updated on Continued Operational Progress at the Customer Qualification Plant ("CQP") in Mo i Rana, Norway
Portfolio Pulse from Benzinga Newsdesk
FREYR Battery (NYSE:FREY) has provided an update on its operational progress at the Customer Qualification Plant in Norway. The company remains on track to commence fully automated production in 4Q 2023. This key milestone will enable FREYR to produce and ship sample cells to customers including Nidec, which is expected to catalyze the Giga America project equity farm down process.
October 04, 2023 | 10:06 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
FREYR Battery's progress towards fully automated production in 4Q 2023 is a positive development. This will enable the company to produce and ship sample cells to customers, potentially boosting its revenues and market position.
FREYR Battery's progress towards fully automated production is a significant milestone. This will enable the company to produce and ship sample cells to customers, which could potentially increase its revenues and strengthen its market position. The news is highly relevant to FREYR Battery and is likely to have a positive impact on its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100