EcoPro BM, a South Korean cathode materials company, has won a 5-year, $33.4-billion (43.87 trillion KRW) contract to supply high-nickel NCA cathode material to battery manufacturer Samsung SDI. The contract runs from 2024 through 2028. The sales unit price for the actual transaction will be determined by applying the price of raw materials (nickel, cobalt,… Read more »
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EcoPro BM, SK On and Ford are building a cathode plant in Québec
South Korea-headquartered battery makers EcoPro BM and SK On, along with Ford, plan to invest nearly $900 million in the construction of a cathode manufacturing facility in Bécancour, Québec. Production is slated to begin in the first half of 2026. EcoPro CAM Canada LP was established by EcoPro BM this year. It will produce up… Read more »
Samsung SDI injects capital into EcoPro for EV battery materials
Samsung SDI has begun injecting capital into EcoPro EM, a joint venture with EcoPro BM, a supplier of EV battery cathode materials. Samsung said it will contribute 48 billion won ($39 million) to the joint venture for a 40% stake, while EcoPro BM will contribute 72 billion won ($58 million) for a 60% share. EcoPro… Read more »