NEOVOLTA INC DL-,001

RoHo Capital Opportunity Fund, a joint venture of Horizon and CR Financial Holdings, is providing NeoVolta with a senior loan facility of $20 million, with an optional increase to $30 million. The initial $20 million was funded at signing to support growth and the production ramp. NeoVolta is building, in partnership with LONGi, a 210,600-square-foot facility in Georgia with an initial capacity of up to 2 GWh per year, expandable to 8 GWh. » Mere på de.investing.com

NeoVolta entered a five-year strategic supply and manufacturing cooperation with SK On that foresees delivery of 9 GWh of US-made LFP cells for 2027–2031, plus a framework agreement for an additional 9 GWh and the purchase of energy storage packs (total volume 18 GWh). SK On will be the primary cell supplier for NeoVolta Power’s LFP pouch-cell-based BESS, which plans to expand its US manufacturing in Pendergrass. The announcement pushed the share price sharply higher; NeoVolta aims for a two-line manufacturing platform with up to 8 GWh annual capacity by 2028. » Mere på de.investing.com

SK Innovation’s share climbed 6.1% to ₩124,000 after subsidiary SK On signed a five‑year contract to deliver a total of 9 GWh of lithium‑iron‑phosphate battery cells to NeoVolta starting in 2027. South Korean media report the order is worth about ₩1.5 trillion (roughly $1.09 billion). SK On also plans to expand the partnership with an additional agreement later this year. » Mere på de.investing.com