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Johnson Matthey Targets Battery Materials
Johnson Matthey plc plans to invest £200 million ($270 million) to expand its electric vehicle battery materials business over the next three years.
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Johnson Matthey plc plans to invest £200 million ($270 million) to expand its electric vehicle battery materials business over the next three years.
The London-based specialty chemicals company, which entered the lithium-ion battery materials market in 2012, will focus its investment on developing next-generation cathode materials with significant performance benefits over current nickel-manganese-cobalt and nickel-cobalt-aluminum blends.
Johnson Matthey expects to produce 10,000 metric tons of cathode materials per year by early next decade.
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