3M has agreed to transfer all of its intellectual property related to Nickel-Manganese-Cobalt (NMC) cathodes, including global patents and license agreements, to technology and recycling firm Umicore.
The divestment will allow 3M to increase its focus on next-generation silicon anode materials, electrolyte additives and advanced thermal management solutions for EVs.
“The agreement enables 3M to focus on its unique strengths in silicon anodes, while Umicore continues to develop and commercialize high-energy NMC cathodes,” said Global Battery Materials Business Manager Christian Milker. “In combination, these technologies may substantially increase electric vehicle battery life. Umicore has been a valuable partner in the commercial growth of NMC cathode technology, which 3M developed in partnership with Professor Jeff Dahn of Dalhousie University.”