Group14 Technologies has announced a joint venture with SK materials to build a factory for lithium-silicon battery materials in South Korea. SK materials will invest $52 million in the development of the materials manufacturing hub, which is expected to launch in 2022.
Group14’s new JV will enable dual sourcing for its lithium-silicon technology both from South Korea and from its domestic Battery Active Materials factory in Washington, which was launched earlier this year.
Rick Luebbe, CEO of Group14 Technologies, said, “We are thrilled to take the first step towards establishing our first international factory to manufacture our lithium-silicon battery technology.”
Source: Group 14 Technologies