Amte Power PLC - developer and manufacturer of lithium-ion and sodium-ion battery cells - Signs a memorandum of understanding with Mahle Powertrain Ltd, the engineering services division of German automotive parts manufacturer Mahle GmbH. Explains that the agreement is the first step towards a commercial partnership. The partnership will entail the testing of AMTE Power's ultra high power cells in MPT's battery development centre in Northampton to support the development of electric vehicles.
Does not disclose any financial details about the partnership.
Current stock price: 59.64 pence, up 5.6% on Wednesday
12-month change: down 73%
By Abby Amoakuh; abbyamoakuh@alliancenews.com
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