Seri Industrial S.p.A. (IT:SERI) has released an update.
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Eni and SERI Industrial have signed an agreement to explore a joint venture aimed at developing a lithium-iron-phosphate battery supply chain for electric mobility and energy storage. This initiative, which includes plans for a production plant in Brindisi and battery recycling, could bolster industrial growth in Southern Italy and support the energy transition. It represents a strategic move to strengthen SERI Industrial’s position in the battery market and leverage Eni’s capabilities in decarbonization technologies.
For further insights into IT:SERI stock, check out TipRanks’ Stock Analysis page.
