Despite fluctuations in EV market growth, Nano One sees strong fundamentals across multiple applications, including entry-level EVs, hybrid vehicles, and energy storage systems for renewable energy and data centers. The growing demand for energy to power AI and data centers is driving an unprecedented need for battery storage, primarily using LFP technology.
In 2025, Nano One is focused on expanding capacity at its Quebec facility and validating materials with customers, aiming to progress from initial agreements to formal sales contracts by year-end. The company has attracted strategic partners, including Rio Tinto, Sumitomo Metal Mining, and Worley, prioritizing relationships with organizations that share its long-term vision. As geopolitical tensions expose supply chain vulnerabilities, Nano One's technology addresses critical national security priorities by enabling North American battery material production independent of Chinese suppliers.