EV1 has announced major Chinese Anode producer BTR New Material Group Co (BTR) has agreed to execute a strategic placement agreement, binding offtake agreement and MOU for a North American downstream collaboration. If executed successfully, EV1 could become an integral part of BTR’s international expansion strategy. BTR’s balance sheet could help fund both upstream and downstream graphite businesses. Gaining access to BTR’s existing anode technologies and experience would reduce execution risk of starting a new anode operation.
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