Frayer plans to set up a battery cell factory in Mo I Rana and an IPO in New York. The company says it is currently in talks with a multinational company about a possible manufacturing facility in the United States.
Fryer President Tom Einar Jensen.
Hannah Christine Hajj / E24
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The company is expected to be listed on the New York Stock Exchange through its merger with Specialty Company (SPAC) Alusa Energy Acquisition Corp, which is raising more than NOK 7 billion.
Now they say they are in talks with a large multinational company to set up production in the United States as well. The aim is to produce batteries with a total capacity of 50 gigawatts by 2030.
I News Fryer wrote to the US SEC that the contract with technology supplier 24M should be terminated in this case.
– Fryer CEO Tom Einar Jensen says it’s natural for Fryer to include North America in our long – term plans.
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Frayer is listed in New York and has $ 7.3 billion in insurance
The shares will be traded soon
Frayer and the new potential partner finalized the business terms for the investment for May, but have not yet agreed on financial terms and investments.
In January, Fryer announced an IPO in the United States. The new company will be called Fryer Battery. The announcement said the list would be completed in the second quarter if all conditions were met.
Fryer’s entry into the New York Stock Exchange is supported by Fidelity Management & Research, Franklin Templeton, Xylebra Capital and Van Eck Associates.
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Harper Lee is a contributor at Thecherawchronicle.com, covering a wide range of topics including news, politics, business, technology, sports, entertainment, and lifestyle. With a focus on clear reporting and useful information, Harper delivers timely coverage of current events and developments that matter to readers. Her work emphasizes accuracy, context, and accessibility, helping audiences stay informed about important stories, emerging trends, and issues affecting communities in the United States and beyond.
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