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EAS, which is predicated in Nordhausen, Germany, is ideally fitted to its high-performance, long-range “46xx” battery cell format, Britishvolt stated on Tuesday.
“The acquisition of EAS will enable us to scale up the ultimate a part of the 46xx cell growth and commercialization,” CEO Orral Nadjari stated in an announcement.
Britishvolt aimed to make extra investments in EAS, he added.
Britishvolt is working with British sports activities carmakers Aston Martin and Lotus to develop high-performance EV batteries.
Britishvolt has secured UK authorities backing for a battery plant mission in northern England, unlocking 1.7 billion kilos ($2.12 billion) in non-public funding.
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