BTR is biggest battery manufacturer in China.
China offered subsidies to low grade phosphate batteries and BTR experienced huge surge in demands in recent years.
China just gave more subsidies to Tesla's technology NCM batteries and BTR will have to seek for more supplies to take advantages of those subsidies.
I'm wondering why there's a MOU instead of contracts in relation to a near production ramp up in Q3 2016.
A MOU is to secure supplies in the future. How large in term of quantities does BTR want? This will certainly lift the Sp upon announcements.
This also makes sure syr will definitely expand the balama project with funding available through banks.
Go go go syr
Ann: Syrah Signs MOU with BTR New Energy Materials Inc., page-14
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