- NEO Battery Materials (NBM) launched NEO Battery Materials America LLC (NBM America) for U.S. business expansion
- The company also announced that it will participate in South Korea’s leading annual battery exhibition – InterBattery 2023
- NEO has successfully incorporated NEO Battery Materials America, LLC under the provisions and requirements of the State of Delaware
- NEO Battery focuses on electric vehicle lithium-ion battery materials
- NEO Battery Materials Ltd. (NBM) is down 1.64 per cent, trading at C$0.30 per share at 12:56 pm ET
NEO Battery Materials (NBM) launched NEO Battery Materials America LLC (NBM America) for U.S. business expansion.
The company also announced that it will participate in South Korea’s leading annual battery exhibition – InterBattery 2023.
NBM America Formation & U.S. Site Visitation
In the past week, NEO has successfully incorporated NEO Battery Materials America, LLC under the provisions and requirements of the State of Delaware.
“As a wholly-owned and operated subsidiary, NBM America will now allow active and aggressive business development and relationship-building initiatives to market NEO’s core silicon anode materials in the U.S.,” commented NEO Battery Materials management team.
The management team is discussing Ohio as the top headquarters location. They are expecting to visit Ohio and Kentucky in late March and early April to select the site for operation. The agenda involves building and strengthening business relationships with EV battery industry players and governmental organizations.
NBM America intends to secure strategic private capital and funding to enable U.S. commercial plant construction and create financial capacity for silicon waste recycling and other battery-related value-added projects.
InterBattery 2023
InterBattery is South Korea’s leading annual battery trade show. The event attracts over 900 domestic and international exhibitors with 1,500 showcasing booths. With the participation of global battery manufacturers and EV automakers, NEO Battery Materials intends to establish new business relationships for further strategic initiatives and expansion.
InterBattery 2023 will run for a 3-day period from March 15 to March 17. The company will be running a booth for the exhibition. It will be featuring its unique, cost-effective, and high-performance silicon anode materials to exhibit industry players.
About NEO Battery Materials
NEO Battery focuses on electric vehicle lithium-ion battery materials. It also develops silicon anodes that provide capacity and efficiency improvements over lithium-ion batteries with graphite anodes. The company intends to become an integrated silicon producer and anode materials supplier to the EV industry.
NEO Battery Materials Ltd. (NBM) is down 1.64 per cent, trading at C$0.30 per share at 12:56 pm ET.
