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Panasonic expects profit from Tesla batteries by year-end

Wed, 08/09/2017 - 09:28 -- News Editor
Panasonic expects profit from Tesla batteries by year-end

Electronics giant Panasonic expects to see a profit from Tesla’s Model 3 batteries by the end of the year.

Panasonic began battery cell production for the mass-market electric vehicle at their $5 billion Gigafactory in Nevada, USA, in June. 

 

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€300M ($327.5M) boost in NMC production

Mon, 05/15/2017 - 10:44 -- Xuan Zhong
€300M ($327.5M) boost in NMC production

Global materials technology and recycling group Umicore plans to invest €300 million ($327.5 million) between 2017 and 2019 to further increase its production of NMC (nickel-manganese-cobalt) cathode materials for lithium-ion rechargeable batteries.

The Brussels-based company says demand for its NMC materials from electric vehicle manufacturers is outpacing the market and the increased capacity will enable it to cater for a surge in orders. The investment in its plants in South Korea and China will also enable the company to meet growing demand for its proprietary high-energy LCO (lithium cobalt oxide) cathode materials used in high-end consumer electronics.

 

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Umicore acquires more lithium-ion cathode patents from 3M

Thu, 01/19/2017 - 09:48 -- Xuan Zhong
Umicore acquires more lithium-ion cathode patents from 3M

Materials firm Umicore has agreed a third patent deal to acquire US technology firm 3M’s lithium-ion cathode IP.

The latest deal sees the Belgian firm acquire the ownership of three Nickel Manganese Cobalt (NMC) patent families for cathode materials collectively covering South Korea, China, Japan, Europe and the US.

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Umicore expands NMC materials production in Asia

Fri, 05/20/2016 - 13:59 -- Paul Crompton
Umicore expands NMC materials production in Asia

Belgium-based materials technology giant Umicore will spend $181 million on expanding its nickel manganese cobalt (NMC) production facilities in China and South Korea.

The expansion, which will mean total capacity will triple within three years, is in answer to the surge in demand for materials used in hybrid and electric vehicles, the company says.

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New battery plant in South Korea

Fri, 07/20/2012 - 18:02 -- Ruth Williams

A plant to make components for lithium-ion batteries is to be built in South Korea by Belgian company Umicore. 

The high-tech recycler and specialist materials maker will double its capacity of the product as it expands into the market.  The plant should be operational in 2014 to make parts for rechargeable batteries.

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