South Korean battery materials manufacturer EcoPro has completed construction of its cathode material plant in Debrecen, Hungary, and is beginning commercial production. The site, spanning approximately 440,000 square meters, houses EcoPro BM, which produces cathode materials; EcoPro Innovation, which handles lithium processing and EcoPro AP, which produces industrial oxygen and nitrogen. The facility, which has… Read more »
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EcoPro expands NCA battery cathode material sales in EV market
South Korea battery cathode materials manufacturer EcoPro BM is expanding the applications of its nickel cobalt aluminum (NCA) cathode material beyond power tools and vacuum cleaners to include electric vehicles (EVs) and energy storage systems (ESS). The company’s sales of NCA cathode material reached approximately 300,000 tons as of the first half of this year,… Read more »
EcoPro wins 5-year high-nickel NCA cathode material supply contract with Samsung SDI
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 »
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 »