Nouveau Monde signs LOI with Shinzoom to market Li-ion anode material in North America
Green Car Congress
JULY 25, 2017
NMG) has signed a non-binding letter of intent with China-based Hunan Zhongke Shinzoom Co. Canada-based Nouveau Monde Graphite Inc. Shinzoom), a lithium-ion battery anode producer and developer. The purpose of the proposed collaboration is to participate actively in the growing North American Li-Ion battery anode material market. The two companies seek to form a new joint venture which will be owned 51% by Shinzoom and 49% by Nouveau Monde.