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Hexagon Purus, Panasonic sign Battery cells supply agreement in North America
Hexagon Purus Systems USA LLC has signed a multi-year agreement for the supply of lithium-ion battery cells with Panasonic Energy. The Japanese battery firm will supply battery cells for Hexagon Purus' proprietary battery systems, an important milestone for latter's zero-emission heavy-duty offering in North America.
The battery cells will be produced at Panasonic's new facility in Kansas, United States, with supply commencing in early 2026. As part of the supply agreement, Hexagon Purus will prepay approximately USD 43 million through 2025, subject to the achievement of certain milestones. This prepayment will secure battery cell capacity for Hexagon Purus out of Panasonic's production facility in Kansas, according to the company.
"Securing our battery supply chain has been an important objective for Hexagon Purus to deliver on our customer contracts such as the recently announced distribution agreement with Hino for the production of complete battery electric heavy-duty vehicles for the U.S. market", said Morten Holum, CEO of Hexagon Purus.
"Panasonic has been a pioneer in making zero emission mobility available to the mass market, and this, coupled with their reliability and focus on continuous innovation, make them the ideal partner for Hexagon Purus", he added.
Kazuo Tadanobu, CEO of Panasonic Energy commented, "Zero-emission mobility will continue to grow in significance over the next decade and this agreement with Hexagon Purus marks an important step for Panasonic's global strategy as a provider of innovative battery-technology".
He further added, "Partnering with Hexagon Purus, a technology-leading provider of safe and reliable battery systems for zero-emission heavy duty trucking, will help us to drive the growth of the lithium-ion
battery industry and accelerate the transition to zero-emission mobility".
Hexagon Purus is a leading provider of hydrogen Type 4 high-pressure cylinders and systems, battery systems and vehicle integration solutions for fuel-cell electric and battery electric vehicles.
The latest battery supply agreement is to support the company's efforts to develop zero-emission powertrain solutions for class 7 and class 8 heavy-duty trucks for the emerging markets post the Advanced Clean Truck (ACT) and the proposed Advanced Clean Fleet (ACF) regulations in North America.
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