Business
J-Star Holding Signs MOU with White Group to Advance Financing for Texas Solid-State Battery Facility
White Group to support capital formation for J-Star’s Baytown, Texas automated battery manufacturing projectTAICHUNG CITY, Taiwan, May 08, 2026 (GLOBE NEWSWIRE) -- J-Star Holding Co., Ltd. (Nasdaq: YMAT) (“J-Star” or the “Company”), today announced that it has signed a non-binding memorandum of understanding (“MOU”) with White Group Ptd., Ltd. (“White Group”), a Singapore-based investment and development firm, to support capital formation for the Company’s planned automated solid-state battery p
About this update from J-star Holding Co., Ltd.
[{"type":"image","alt":"J-Star Holding Co., Ltd","displaySize":"","headline":null,"caption":"J-Star Holding Co., Ltd","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":72,"url":"https://media.zenfs.com/en/globenewswire.com/2eab336bb8a8e0cfdca59df70d234f2c"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/._0XQT0eLutkvgmkBAyi2A--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTEwMQ--/https://media.zenfs.com/en/globenewswire.com/2eab336bb8a8e0cfdca59df70d234f2c","width":300,"height":72},"resize_sm":{"url":"https://s.yimg.com/ny/api/res/1.2/._0XQT0eLutkvgmkBAyi2A--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTEwMQ--/https://media.zenfs.com/en/globenewswire.com/2eab336bb8a8e0cfdca59df70d234f2c","width":300,"height":72}},"lazy":false},{"type":"text","content":"White Group to support capital formation for J-Star’s Baytown, Texas automated battery manufacturing project","length":108,"tagName":"p"},{"type":"text","content":"TAICHUNG CITY, Taiwan, May 08, 2026 (GLOBE NEWSWIRE) -- J-Star Holding Co., Ltd. (Nasdaq: YMAT) (“J-Star” or the “Company”), today announced that it has signed a non-binding memorandum of understanding (“MOU”) with White Group Ptd., Ltd. (“White Group”), a Singapore-based investment and development firm, to support capital formation for the Company’s planned automated solid-state battery production facility in Baytown, Texas.","length":429,"tagName":"p"},{"type":"text","content":"The financing initiative builds upon J-Star’s previously announced strategic partnership with Patriot Green Energy Technology Co., Ltd. (“PSSB”) to develop Made-in-USA polymer-based solid-state battery solutions and establish a 100 megawatt-hour (MWh) modular production line targeting the rapidly growing unmanned aerial vehicle (UAV) and drone markets.","length":354,"tagName":"p"},{"type":"text","content":"Under the MOU, White Group will work with J-Star to identify and introduce potential U.S.-based private equity partners to participate in a proposed $100 million investment to support construction, automation and technical development of the Baytown facility. The investment is expected to complement J-Star and PSSB’s previously submitted U.S. Department of Energy grant application for the project.","length":400,"tagName":"p"},{"type":"text","content":"Advancing the Baytown Solid-State Battery Initiative ","length":52,"tagName":"p"},{"type":"text","conte...