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Hexagon Purus Unit Amends Lithium-Ion Battery Cells Supply Deal Terms

MT Newswires·12/10/2025 05:34:20
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05:34 AM EST, 12/10/2025 (MT Newswires) -- Hexagon Purus (HPUR.OL) and Panasonic Energy agreed to revise their lithium-ion battery cells contract while assuring continued supply. The Norwegian zero-emission mobility and infrastructure company said Wednesday the amendments for the multi-year deal involve the removal of its Hexagon Purus Systems USA subsidiary's outstanding prepayment obligation worth $12.9 million and for all incentives or credits from the US Inflation Reduction Act to be accrued to Panasonic Energy.