Join our daily newsletter At The Bell to receive exclusive market insights
- Talga Group (TLG) signs technology and commercial battery anode agreement with Long Time Technology
- Following tests of TLG’s Talnode-C product and LT Tech’s synthetic battery anode products, the parties plan to increase volumes of materials for larger cell trials
- Once anode testing is complete, TLG and LT Tech will seek to enter a supply contract to supply at the mass production level from both company’s operations
- Through the partnership, Talga’s Managing Director Mark Thompson said the parties are enabling cleaner and better batteries for the world
- Shares last traded 1.4 per cent lower at $2.05 on November 16
Talga Group (TLG) has signed a technology and commercial battery anode memorandum of understanding with Long Time Technology.
Long Time Technology (LT Tech) is a manufacturer of anode materials used in lithium-ion batteries.
With headquarters in Taiwan, LT Tech serves global battery customers from four production centres utilising natural and synthetic graphite.
The non-binding memorandum of understanding follows initial testing of LG’s natural graphite Talnode-C product and LT Tech’s synthetic battery anode products, which assessed scaled up supply and evaluation of joint anode materials and blends.
Now, the companies plan to enter an anode testing contract (ATC) to secure increasing volumes of materials for larger cell trials and to complete qualification programs for select customers.
TLG plans to use materials produced from its existing anode facilities and upcoming electric vehicle anode plant in Luleå, Sweden.
Under the ATC, the parties will consider volumes, pricing, intellectual property and how to align commercial goals.
Once the anode testing is complete, the parties plan to enter a supply contract, securing supply volume to customers at the mass production level from both company’s operations.
According to Talga, this contract will consider environmental impacts and life cycle
assessments of both parties’ products.
Further, delivery destinations will be defined within European and Asian markets. Supply volumes will be co-ordinated with the progression and start up of Talga’s commercial anode production.
Through the partnership, Talga’s Managing Director Mark Thompson said the parties are enabling cleaner and better batteries for the world.
“As electric vehicle demand ramps up, we see a growing market for blends
made from our green natural graphite anode and qualified synthetic anode made with hydropower,” he said.
“We also see excellent synergies between our operational locations and LT Tech’s partners and customers.”
Shares last traded 1.4 per cent lower at $2.05 on November 16.
