ReElement Technologies signs MoU with Afrivolt to set up African battery, EV supply chain

Nasdaq-listed American Resources Corporation’s ReElement Technologies has signed a memorandum of understanding (MoU) with energy storage company Afrivolt to establish a lithium-battery and electric vehicle (EV) manufacturing ecosystem in Africa, with a specific focus on West Africa. Afrivolt aims to develop large industrial projects to support the build-out of Africa’s regional and global lithium-ion battery supply chains.