TACC Limited a wholly owned subsidiary of HEG Advanced Material, has announced the signing of a nonbinding Memorandum of Understanding (MoU) with a global lithium-ion cell manufacturer, for a proposed long-term supply of upto 40,000 tonnes of synthetic graphite-based Anode Active Material (AAM) for electric mobility applications.
Under the terms of the non-binding MoU, the two companies will work towards a progressive supply arrangement subject to further discussions and finalisation of technical and commercial requirements of both parties, with built-in scope for further scale-up as the Partner’s cell manufacturing capacity expands.
Beyond material supply, the MoU sets down the in-principle discussion to explore research and custom material development, focused on advanced anode formulations designed to enable faster charging and higher energy density – two of the critical performance levers for next-generation electric vehicles.
Commenting on the development, Mr. Riju Jhunjhunwala, Chairman, TACC Limited, said: “We have long understood graphite, and this partnership reflects the trust that global leaders are placing in our capabilities. It marks a significant step in our commitment to the global energy transition and to building a resilient, globally competitive battery materials value chain.”
Mr. Ankur Khaitan, MD & CEO, TACC Limited, added: “This partnership is a strong endorsement of our capabilities, and our focus now is on turning shared intent into execution. We are committed to developing next-generation anode materials, driven by innovation and delivered with the consistency and quality that our partner expects.”
