According to foreign media reports, American battery developer 24M Technologies is opening a new production facility in Thailand, including a R & D department.
In addition, the company also announced that it has completed another round of financing.
, 24M said it has acquired a 6,600-square-meter factory in Rayong, Thailand from its partner Nuovo+.
As an investor in 24M, Nuovo+ will directly invest another US$51.
1 million.
According to partners, the plant is a “fully integrated pilot production facility capable of producing up to 100 MWh of 24M SemiSolid cells.
” 24M said it has begun pilot production at its new factory in Thailand “for a leading Indian original equipment manufacturer of mobile devices” and will deliver the first verification samples this fall.
, Naoki Ota, President and CEO of 24M, believes the new factory in Rayong is an ideal platform to showcase the company’s “commercial capabilities and breakthrough innovation,” adding: “The factory provides a larger scale to showcase the safety, cost, scope and recycling advantages of our product portfolio.
“, Photo source: 24M Technologies, 24M’s core innovative technologies launched in recent months include binder-free semisolid electrodes, new electrolytes for lithium metal batteries, direct recycling processes, new battery separators, and a battery system called ETOP.
ETOP is “Electrode-to-Pack”, which stands for electrode-to-pack.
In other words, the electrodes in this system will be integrated directly into the battery pack.
, 24M requires a lot of money to commercialize these technologies.
The company announced that they recently completed another round of financing (Series H) totaling US$87 million, mostly from the above-mentioned transaction with Nuovo+.
, Nuovo+ is not only an investor and strategic partner of 24M, but also a licensee.
24M claims to be a battery production platform supplier and makes profits mainly through issuing licenses.
In early 2022, Volkswagen acquired a 25% stake in 24M.
, Return to the first electric network home page>,.
