Talga Group Ltd has signed a binding agreement with Swedish electric vehicle manufacturer Polestar Performance AB to join the Polestar 0 project, an initiative to develop a climate-neutral production car by 2030.
According to Talga, graphite, as the anode, is a lithium-ion battery‘s greatest volume mineral component. Synthetic graphite, on the other hand, is a high-energy material derived from oil or coal.
As part of the project, Talga will collaborate with Polestar and undertake research on the development of new anode material.
“We are very pleased to join forces with Polestar in this inspiring and collaborative EV project. As a leader in green battery materials, we support the decarbonisation of the automotive industry and look forward to working along Polestar in this project,” Talga Managing Director Mark Thompson said.
“Partnering with Talga in this research collaboration is an exciting development and another important step towards realising Polestar’s ambition of developing a climate-neutral car. Production of the anode in battery modules is an essential topic for an electric vehicle, so our research together with Talga is very important in our effort to eliminate greenhouse gas emissions and I really look forward to our collaboration,” Polestar 0 project lead Hans Pehrson stated.
Under the agreement, the parties will share intellectual property (IP) jointly developed under the agreement, with each party retaining its own background and individually developed IP.
The agreement will be in effect up to 31 December 2024, subject to an extended end date in the event of certain delays.
Material research & development is an essential aspect of Talga’s business as it helps to optimise the Company’s existing products and has the potential to expand Talga’s battery and advanced materials product line. The Agreement marks a significant research initiative for the Company, which will be carried out in conjunction with several industry heavyweights.