Group14 Signs Major Battery Material Procurement Contract

Group14, a US battery materials manufacturer, recently announced that it has signed five-year binding purchase contracts with a number of well-known electric vehicle and consumer electronics battery manufacturers, with a total value of more than US$300 million. Group14 focuses on the development and production of high-performance silicon-carbon anode materials that can significantly improve the energy density of lithium batteries and the cruising range of electric vehicles.