Charging up investors' hopes that the company is making progress in bringing its innovative lithium-ion battery to market, Freyr Battery (NYSE: FREY) announced this week that it has begun discussions with several industrial stalwarts.   

As of 11:18 a.m. ET, shares of Freyr Battery are up 26.6% since the end of trading last Friday, according to data from S&P Global Market Intelligence.

On Tuesday, Freyr Battery announced that it has commenced discussions regarding partnerships with several companies: Siemens AG, Glencore, Caterpillar, and Nidec. The discussions pertain to the formation of a strategic alliance dedicated to the growth of battery solutions in North America, Europe, and other locations.

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Source Fool.com