PowerCo and Umicore set up pre-eminent new European battery materials player
Umicore and Volkswagen Group-backed battery company PowerCo have announced the name and branding of their first-of-its kind cooperation. Their Brussels-headquartered joint venture for large-scale industrial production of CAM and pCAM in Europe will bear the name IONWAY. Both parents aim to grow IONWAY’s annual production capacity to 160 GWh p.a. by the end of the decade, corresponding to 2.2 m battery-electric vehicles.
PowerCo and Umicore set up pre-eminent new European battery materials player
2023-10-07 14:04