Nanovace sets up US arm to tap global battery market

The company's efforts to broaden its global presence, especially in the North American battery chemicals market, have reached a major turning point with this calculated move. Nanovace Inc was founded with the intention of making market access easier and expanding the company's presence in the quickly expanding US battery materials industry. A local presence will help the business better manage the regulatory environment in the area and take advantage of relevant incentives, in addition to putting it closer to customers, the company said in an NSE listing.

Nanovace's in house technology facilitates the localisation of crucial battery material supply chains, such as graphite-silicon composites, which are thought to be essential for the upcoming generation of energy storage devices. With this expansion, the company is well-positioned to become a key player in the global battery chemicals industry.

ALCHEMPro News Desk (VK)