It is non-binding, but an MOU at least provides some initial terms that they can use to punch into the DFS.
Woojin 100% = 1 alternative; Woojin 60%, battery market 40% = 2nd alternative. Their financial models would analyse both alternatives, but the final DFS would run with one option or the other depending on financial result or strategic objectives etc.
Battery manufacturer MOU, page-7
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