ASX-listed Europe-focused battery and advanced materials company Talga Group's shares soar after it commissions an electric vehicle anode qualification plant in Sweden.
EVA, understood to be Europe's first Li-ion battery anode plant, will produce large scale commercial samples of Talga's coated active anode material for battery customer qualification.
Plant production stages includes shaping and coating to produce Talga's flagship Li-ion battery anode, Talnode-C, which uses purified graphite concentrate from its Vittangi graphite project in Sweden.
The plant will be officially launched on Friday.
Shares in the group, which has a market capitalisation of $506m, are up 16.4 per cent to $1.66 at 11.21am AEDT.
