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06 Oct
13:42

Umicore, PowerCo debut CAM joint venture Ionway

Umicore and Volkswagen’s battery company PowerCo unveiled on Friday their €3 billion ($3.15 billion) cathode materials joint venture first announced in 2021 has been established in Brussels, Belgium, Kallanish reports. The so-called Ionway company will produce cathode active materials (CAM) and precursor cathode (pCAM) to power 2.2 million Volkswagen Group battery electric vehicles (BEVs). The JV plans to develop an annual production capacity of 160 gig…
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