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Bullboard - Stock Discussion Forum NEO Battery Materials Ltd V.NBM

Alternate Symbol(s):  NBMFF

Industrials Graphite
NEO Battery Materials Ltd. is a Canadian battery materials technology company. It is focused on developing silicon anode materials for lithium-ion batteries in electric vehicles, electronics, and energy storage systems. With a patent-protected, low-cost manufacturing process, it enables longer-running and ultra-fast charging batteries compared to existing technologies. It is a producer of... see more

TSXV:NBM - Post Discussion

NEO Battery Materials Ltd > LG to build battery plant in Windsor
View:
Post by lscfa on Mar 23, 2022 3:44pm

LG to build battery plant in Windsor

If LG is coming to Canada why is NBM building in Korea?  


https://www.cnbc.com/2022/03/23/stellantis-lg-to-invest-4point1-billion-in-canadian-ev-battery-plant.html

Comment by eldreco on Mar 23, 2022 4:36pm
Hi lscfa, Good question.  I think that we might be wise to understand that the Canada/US automotive sector is not the only market in the world i.e. we are not the only pebbles on the beach! el d
Comment by Zevo on Mar 23, 2022 7:15pm
Plant in Windsor is final product. Doesn’t matter if we have proximity. Let’s hope LG is one of their 22 NDA’s
Comment by eldreco on Mar 23, 2022 8:41pm
Thanks Zevo, I got busy with other things...but was going to add to my post that in all likelihood LG would be shipping product "for assembly" to Canadian factory.  There are likely tax considerations (to the good) in them doing it this way...in both countries.  Likewise for plant partner. NBM didn't plan to put their factory where they did for no reason! el d
NEO Battery Materials Ltd