French battery technology company Novacium has signed a letter of intent (LOI) with China’s GH Technologies covering the potential supply and distribution of silicon-anode lithium-ion cells and batteries across Asia-Pacific markets.
The agreement was announced by Canadian materials company HPQ Silicon, which holds a 36.8% stake in Novacium and exclusive North American rights to the French company’s battery technologies under the Endura+ brand.
The non-binding, non-exclusive LOI was signed during the China International Battery Fair (CIBF) on May 15 and covers the company’s Gen4 cylindrical lithium-ion cells in 18650 and 21700 formats, along with battery packs based on its silicon-anode technology.
According to HPQ, the agreement establishes a 36-month framework for commercial prospecting and potential distribution into applications including light electric mobility, embedded systems and high-energy-density electronics in the Asia-Pacific region, which the company said accounts for more than half of global cylindrical lithium-ion cell demand.
“Following an extensive evaluation of Gen4 cells, including reported capacity exceeding 6,600 mAh, reported energy density of 319.9 Wh/kg, and international certifications including IEC 62133, UL 1642, and UN 38.3, GH Technologies agreed to enter into this LOI with Novacium to further evaluate potential business opportunities in Asia-Pacific markets,” said Jacques Shen, chief executive of GH Technologies.
Novacium chief operating officer Jed Kraiem said the agreement supported the company’s efforts to commercialise its silicon-anode technology in Asia.
“The signing of this LOI at CIBF supports Novacium’s ongoing efforts to evaluate potential commercial opportunities for its Gen4 battery technologies in Asia,” he said. “The discussions with GH Technologies reflect interest in evaluating Gen4 cells for applications requiring high-capacity lithium-ion solutions.”
Novacium: potential business opportunities for Gen4 in APAC
HPQ chairman and chief executive Bernard Tourillon added: “This LOI provides a framework for Novacium and GH Technologies to evaluate potential business opportunities involving Gen4 battery technologies in Asia-Pacific markets.”
The companies said any definitive commercial agreement would still depend on further negotiations, customer validation testing and regulatory approvals.
Novacium has been increasing the visibility of its silicon-anode battery technology over the past year. Recent announcements from HPQ and Novacium have included certification milestones for 18650 and 21700 cells, claims of more than 7,000 mAh capacity under extended test conditions, and a reported 395 Wh/kg semi-solid-state drone battery pack.
The French company has also been active in hydrogen-related materials development through its Metagene project, including a 2025 memorandum of understanding with Malaysian recycled aluminium producer GLD Alloys.
Photo: Dr. Jed Kraiem, Chief Operating Officer of Novacium, and Mr. Jacques Shen, CEO of GH Technologies, at CIBF 2026.
Credit: CIBF
