Freyr: Major passenger vehicle OEM to join strategic energy transition coalition

FREYR has received an indication that a major passenger vehicle OEM intends to join FREYR’s strategic energy transition coalition, alongside Caterpillar (CAT), Siemens AG (SIEGY), and Nidec (NJDCY). The partnership between FREYR and the OEM is expected to encompass a strategic alliance with the ambition to jointly produce fit-for-purpose passenger EV batteries.FREYR has assembled and successfully charged its first battery unit cells at the company’s Customer Qualification Plant and is on schedule to ramp process automation, production, and testing of chargeable cells in H2 2023 and beyond. The semi-automated assembly of the first unit cells is the first major post-opening achievement at the CQP less than two years after FREYR announced its Final Investment Decision of the giga scale nameplate plant.