What does the PowerCo-Umicore JV mean for Europe’s cathode outlook?
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A 3 billion euro joint venture between Volkswagen’s battery company PowerCo and Umicore could add an extra 50% to Europe’s cathode capacity by the end of the decade, according to Benchmark. The joint venture will have a production capacity of 160 gigawatt-hours a year of cathode materials by 2030, the two companies said, enough for […]