Morningstar

NeoVolta Shares Rise on Battery Supply Deal with SK Innovation

Provided by Dow Jones

By Katherine Hamilton 




  Shares of NeoVolta were higher after the company entered a five-year supply and manufacturing partnership with SK Innovation. 



  The stock rose 12% to $3.75 in premarket trading Monday. Through the previous close, shares were up 1.5% this year. 



  SK On, a South Korean manufacturer, will supply nine gigawatt-hours of lithium iron phosphate battery cells to NeoVolta from 2027 through 2031. 



  The agreement also establishes a framework for broader collaboration, in which SK On will supply an additional nine gigawatt-hours during the same timeframe and NeoVolta will produce energy storage packs for purchase by SK On. 



  The partnership supports NeoVolta's evaluation of additional production capacity at Pendergrass, a Georgia facility designed to make battery energy storage systems. The capacity could include a second production line designed around pouch-format lithium iron phosphate cells. 





  Write to Katherine Hamilton at katherine.hamilton@wsj.com 





  (END) Dow Jones Newswires



  August 31, 2026 08:58 ET (12:58 GMT)


Copyright (c) 2026 Dow Jones & Company, Inc.
  

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