Finnish Minerals Group and FREYR Battery have signed a Memorandum of Understanding (MoU) to pursue co-operation in implementing a battery cell investment in Finland. The parties will be identifying co-operation and business models, and technological implementation options for the plant, as well as evaluating the possibility of establishing the plant in the city of Vaasa.
The city of Vaasa has reserved a 90-hectare site for the potential cell plant. The site is adjacent to the battery cathode material production facility currently under development by Johnson Matthey in strategic partnership with Finnish Minerals Group.
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