Belgian battery materials production and recycling company Umicore inaugurated its production facility for cathode active materials for electric vehicles (EVs) in Nysa, Poland.
It claimed this makes Umicore the first company in Europe with a complete circular and sustainable battery materials value chain.
The gigafactory will supply battery materials to Umicore’s car and battery cell customers in Europe.
Nysa’s annual production capacity is set to reach 20 GWh by the end of 2023 and 40 GWh in 2024. It said there is potential to rise to over 200 GWh, or three million EVs, in the second half of the decade.
Umicore aims to reach worldwide capacity of more than 400 GWh by 2030. It plans to construct a precursor and cathode active materials facility in Canada and expand its existing capacity in Asia.
Umicore in Nysa employs about 240 people. That number is expected to increase to 400 by the end of 2023.
The Group generated revenues (excluding metal) of € 2.1 billion (turnover of €13.8 billion) in the first half of 2022 and currently employs 11,350 people.
Photo: Cathode production workers in Umicore’s new gigafactory in Nysa, Poland
