Discouraging news from the industry's bellwether company rocked the sector.In the still-developing electric vehicle (EV) industry, what happens to its leading company tends to affect every other manufacturer and supplier. That's why some troubling news from the No. 1 EV maker almost immediately filtered down into the rest of the sector Monday, impacting the prices of fellow manufacturers and associated companies alike.Up-and-coming Asian EV maker VinFast (VFS -9.44%), for example, saw its share price decele ...

When it comes to speculating on the future of mobility and transportation, battery stocks may be your best bet. Sure, targeting individual electric vehicle brands may give you the greatest reward potential. But as we’ve seen lately, this dynamic also works in the opposite direction.Another worrisome aspect of going the “direct” EV route is that you just don’t know which brand will win out. Again, we’ve already seen once-heralded enterprises succumb to unprecedented pressure. Rather than dealing with this vo ...

Progress in the electric vehicle (EV) sector is largely governed by the batteries that provide their power. EVs continue to face significant challenges in comparison to internal combustion engine vehicles. That’s why innovative firms in the battery space continue to have compelling stocks.One of the limiting factors is battery technology. The companies solving that issue will be rewarded handsomely. Those are exactly the firms that we will be discussing today. The progress they continue to make has the pote ...

| --- | --- | |----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

Freyr Battery Inc. (FREY) is slated to report fourth-quarter and full-year 2023 results on Feb 29, before market open.   In the last reported quarter, the company delivered an earnings surprise of 82.50%. It also delivered a trailing four-quarter average earnings surprise of 38.71%.Factors to NoteAs FREY continues with its development of the Giga America battery manufacturing project in Coweta County, GA, we may expect to receive further information on this once the company releases fourth-quarter results.D ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to _________ Commission File Number: 001-40581 FREYR Battery (Exact name of Registrant as specified in its charter) | Luxembourg | Not Applicable ...

| --- | --- | --- | --- | |-------------------------|-------|-------|-------| | | | | | | 3Q 2023 CONFERENCE CALL | | | | | November 9, 2023 | | | | # | --- | --- | |---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

Financial Performance - FREYR Battery reported a net loss of $25.3 million for the three months ended June 30, 2023, compared to a net income of $4.7 million for the same period in 2022, marking a significant year-over-year change [83]. - Other income decreased by 76% to $8.8 million for the three months ended June 30, 2023, primarily due to a loss on warrant liability fair value adjustment [92]. - Net cash used in operating activities decreased by 31% to $34.7 million for the six months ended June 30, 2023, compared to $50.4 million for the same period in 2022, primarily due to a $20.0 million government grant received [105]. - Net cash used in investing activities increased by 434% to $131.0 million for the six months ended June 30, 2023, driven by $128.4 million in purchases of property and equipment [106]. - Net cash used in financing activities was zero for the six months ended June 30, 2023, compared to $1.1 million in the same period of 2022, which was related to treasury share purchases [107]. Research and Development - Research and development expenses increased by 107% to $6.4 million for the three months ended June 30, 2023, driven by the startup of R&D operations at the Customer Qualification Plant (CQP) [88]. - The company expects R&D expenses to continue increasing as it expands personnel and activities at the CQP [89]. Grants and Funding - FREYR was awarded a €100 million grant from the European Union to support the Giga Arctic project, contingent on meeting certain project milestones [82]. Capital Expenditures and Projects - The Giga Arctic facility is estimated to cost approximately $1.7 billion for eight production lines, with construction currently underway [99]. - Giga America is projected to have an initial capital cost of approximately $1.7 billion, with phase 1A targeting a production start in summer 2025 [101]. - The company’s capital expenditures may change based on management's estimates and external factors, with no assurance of executing current plans [103]. Administrative Expenses - General and administrative expenses decreased by 2% to $27.6 million for the three months ended June 30, 2023, but increased by 9% to $57.6 million for the six months ended June 30, 2023 [85]. - FREYR anticipates that general and administrative expenses will remain steady or increase slightly in the near term as it scales operations in the U.S. [86]. Market Status - The company expects to lose its emerging growth company status on December 31, 2023, and will qualify as a large accelerated filer based on its unaffiliated market capitalization as of June 30, 2023 [111]. - There have been no material changes in market risk from the previous disclosures in the Annual Report for the year ended December 31, 2022 [112].

FREYR Battery (NYSE:FREY) Q2 2023 Earnings Conference Call August 10, 2023 8:30 AM ET Tom Einar Jensen - Chief Executive Officer Operator During todayâs call, management may make forward-looking statements about our business. These forwardlooking statements involve significant risks and uncertainties that could cause actual results to differ materially from expectations. Most of these factors are outside FREYRâs control and are difficult to predict. Additional information about risk factors that could mater ...

• Dramatically expands FREYR's eligibility for equity index inclusion and associated passive and active investment European LFP market likely to remain undersupplied into 2030 • Further aligns corporate governance with operational, organizational and financing priorities while preserving European strategy • FREYR aspires to be a technology leader in the battery industry FREYR Important notices All statements, other than statements of present or historical fact included in this presentation, including, witho ...