If you need to know about batteries; you’ve come to the right place
Chinese flag点击这里访问我们的中文网站Chinese flag

ecopro

Latest South Korean firm reveals plans for 108,000 tpy European lithium-ion battery cathode plant

Fri, 12/17/2021 - 10:04 -- Paul Crompton

South Korean firm EcoPro BM— the battery material business unit of Ecopro— is set to build a 108,000 tonnes per year lithium-ion cathode factory in Hungary.

The company plans to build a cathode factory in Hungary to supply the electric car battery market, Hungary's foreign minister Péter Szijjártó confirmed via Facebook, according to news outlet Reuters.

The 264 billion forints ($810 million) investment will see the first phase of the plant’s construction finished in the second half of 2024 in the town of Debrecen. 

The second phase will finish a year later.

Szijjártó is reported to have said the Hungarian government was providing an unannounced grant to EcoPro BM.

The grant total is expected to be announced after the European Commission is notified of the deal.

Hungary’s battery expansion

Last month, Korean firms Toray Industries and LG Chem concluded a joint venture agreement to create a lithium-ion battery separator firm in Hungary.

The agreement sets out plans to establish LG Toray Hungary Battery Separator Kft. (LTHS), in which Toray and LG Chem will each hold a 50% interest. 

Under this arrangement, LG Chem will invest $375 million (around ¥43 billion) in Toray Industries Hungary (THU), a 100% subsidiary of Toray engaged in the manufacture and sales of battery separator film.

The deal is due to be finalised next year, subject to fulfilling regulatory requirements.

In the past five years BEST has reported on a number of battery projects in Hungary, which can be viewed here

Sign-up to our FREE weekly industry newsletter, to get the weeks news delivered to your inbox every Monday.

China battery recycler GEM signs Glencore cobalt supply deal

Mon, 03/19/2018 - 11:42 -- Xuan Zhong
China battery recycler GEM signs Glencore cobalt supply deal

Chinese battery recycler GEM has signed a three-year colbalt materials supply deal with Swiss mining company Glencore.

GEM said the move would secure materials needed to supply batteries to China’s growing electric vehicle market.

Sign-up to our FREE weekly industry newsletter, to get the weeks news delivered to your inbox every Monday.

MoU to build cathode material plant in South Korea

Thu, 09/01/2016 - 12:31 -- Paul Crompton
MoU to build cathode material plant in South Korea

Two firms are joining forces to build a lithium-ion cathode plant in South Korea to fuel the expected lithium battery demand for the electric vehicle market.

South Korean battery materials firm Ecopro has entered into a joint venture with the Chinese resources recycling company GEM to produce cathode materials in Pohang, South Korea.

Sign-up to our FREE weekly industry newsletter, to get the weeks news delivered to your inbox every Monday.
Subscribe to ecopro