Koenig & Bauer Signed Cooperation Agreement With Powerco For Collaboration In Sustainable Battery Cell Production
June 8 (Reuters) -KOENIG & BAUER AG SKBG.DE:
TODAY SIGNED A COOPERATION AGREEMENT WITH VOLKSWAGEN SUBSIDIARY POWERCO SE FOR DEVELOPMENT COLLABORATION IN FIELD OF SUSTAINABLE BATTERY CELL PRODUCTION
DEVELOPMENT PHASE IS SCHEDULED TO RUN UNTIL END OF 2024
IF DEVELOPMENT GOALS ARE ACHIEVED, VOLKSWAGEN HAS EXCLUSIVE RIGHT TO USE OR SELL KOENIG & BAUER EQUIPMENT FOR A PERIOD OF 7 YEARS.
SEPARATE SUPPLY AND DISTRIBUTION AGREEMENT IS TO BE CONCLUDED FOR THIS PURPOSE
Source text for Eikon: ID:nPex2pt1Ca
Further company coverage: SKBG.DE
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