FREYR Battery and ITOCHU Partner to Develop Materials Supply Chain
FREYR Battery (NYSE: FREY) (FREYR), a developer of clean, next-generation battery cell production capacity, has announced a new service agreement with ITOCHU Corporation (ITOCHU), the Japan-based global trading and import/export company.
- FREYR Battery (NYSE: FREY) (FREYR), a developer of clean, next-generation battery cell production capacity, has announced a new service agreement with ITOCHU Corporation (ITOCHU), the Japan-based global trading and import/export company.
- As part of this agreement, ITOCHU will serve as a direct materials supplier for FREYRs procurement and supply chain operations.
- We are excited to partner with ITOCHU, and we intend to build on their expertise in shipping, planning, and production, as we establish, maintain, decarbonize, and localize our growing supply chain.
- ITOCHU possesses a broad global network of trusted materials suppliers, which we believe will lead to meaningful benefits for FREYR as we cooperatively source and price high-quality materials, said Dr. Tilo Hauke, EVP Supply Chain Management, FREYR.