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Kraken Robotics signed a lease to open a new battery production facility in Nova Scotia, investing $10 million. The facility will provide approximately 60,000 square feet of space and is expected to be operational toward the end of 2025, tripling current battery production capacity.
“Once completed, our new facility will allow us to triple our current battery production capacity.”nasdaq.com
Summarized from public sources; check the original articles before acting on it.