Mexican Media Brands
Umicore Expands Cathode Production for Lithium-Ion Batteries
Belgium’s Umicore NV is investing €300 million ($328 million) through 2019 to increase production of nickel-manganese-cobalt (NMC) cathode materials for lithium-ion batteries used in hybrid and electric vehicles.
#hybrid
Share
Belgium’s Umicore NV is investing €300 million ($328 million) through 2019 to increase production of nickel-manganese-cobalt (NMC) cathode materials for lithium-ion batteries used in hybrid and electric vehicles.
Combined with the €160 million ($175 million) investment announced last year, the initiative will yield a six-fold increase in Umicore’s production capacity by 2020 compared with 2015 levels. The latest investment will go toward Umicore’s facilities in Cheonan, South Korea, and Jiangmen, China, with new production lines due to be commissioned there in late 2018.
Umicore says demand for its NMC materials is outpacing the market by a “significant” margin. The company supplies materials used in 15 electrified car models on the market today. The investment also will help Umicore meet growing demand for its high-energy lithium cobalt oxide cathode materials used in high-end consumer electronics.
Umicore has three business groups: Catalysis, Energy & Surface Technologies and Recycling. The Group generated sales of €11.1 billion $12.1 billion) in 2016.
RELATED CONTENT
-
Jeeps Modified for Moab
On Easter morning in Moab, Utah, when the population of that exceedingly-hard-to-get-to town in one of the most beautiful settings on Earth has more than doubled, some people won’t be hunting for Easter eggs, but will be trying to get a good look at one of the vehicles six that Jeep has prepared for real-life, fast-feedback from the assembled at the annual Easter Jeep Safari.
-
Increasing Use of Structural Adhesives in Automotive
Can you glue a car together? Frank Billotto of DuPont Transportation & Industrial discusses the major role structural adhesives can play in vehicle assembly.
-
on lots of electric trucks. . .Grand Highlander. . .atomically analyzing additive. . .geometric designs. . .Dodge Hornet. . .
EVs slowdown. . .Ram’s latest in electricity. . .the Grand Highlander is. . .additive at the atomic level. . .advanced—and retro—designs. . .the Dodge Hornet. . .Rimac in reverse. . .
