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Battery X Metals ( (TSE:BATX) ) has shared an update.
Battery X Metals Inc.’s subsidiary, Battery X Rebalancing Technologies, has entered into a Commercial Revenue Share Agreement with a Vancouver-based automotive service center specializing in out-of-warranty Tesla vehicles. This agreement marks the first commercial deployment of their second-generation lithium-ion battery rebalancing machine, Prototype 2.0, following a successful trial that significantly improved the driving range of an electric truck. The agreement allows Battery X Rebalancing Technologies to generate revenue without direct operating costs, supporting their product development and commercialization strategy while addressing market demand for battery rebalancing services.
More about Battery X Metals
Battery X Metals Inc. is an energy transition resource exploration and technology company. It focuses on developing innovative solutions for the electric vehicle industry, particularly through its subsidiary, Battery X Rebalancing Technologies Inc., which specializes in lithium-ion battery rebalancing technology.
Average Trading Volume: 264,335
Technical Sentiment Signal: Sell
Current Market Cap: C$16.32M
Learn more about BATX stock on TipRanks’ Stock Analysis page.