RE:Nano One Materials & ONE & FOXCONN (Deal!)Nano One is not part of this deal. There is no evidence that Nano One will still be included within ONE's plans considering the deals they have been required to make to keep themselves a float.
Please share any evidence from this article that implies Nano One is still going to supply LFP CAM to ONE! The partnership between ONE and Nano One fell by the wayside once CEO Mujeeb was asked to step down for mis-management of ONE finances.
Excerpt from the article:
"Electric vehicle battery startup Our Next Energy has entered a strategic partnership with Foxconn to keep the financially struggling startup afloat."
ONE is now looking for any savings they can possibly secure. Adopting expensive Canadian LFP CAM does not sound like something that ONE would be interested in for the time being.
This news release might actually explain the major selloff of Nano One stock. Now that it is clear who will be partnering with ONE (i.e., Foxconn), the likelyhood of the Nano One/ONE partnership has likely been lessened. Thus the sell off.