Brief: Umicore, HS Hyosung Advanced Materials Partner On Joint Venture Focused On EV Batteries
03/11/2025 17:10
Nov 3 (Reuters) - Umicore SA UMI.BR: UMICORE AND HS HYOSUNG ADVANCED MATERIALS PARTNER TO INDUSTRIALIZE SILICON-ANODE MATERIALS FOR EV BATTERIES UMIORE SA - JOINT VENTURE EXTRA MILE WILL FURTHER DEVELOP TECHNOLOGY, AND SCALE UMICORE'S EXISTING LINE TO AN INDUSTRIAL DEMONSTRATION PLANT BY END OF 2026 IN OLEN, BELGIUM WILL HOLD A MINORITY STAKE OF 20% IN EXTRA MILE UMICORE AND HS HYOSUNG ADVANCED MATERIALS EXPECT THAT CLOSING OF TRANSACTION WILL OCCUR IN COMING MONTHS Further company coverage: UMI.BR298050.KS (Gdansk Newsroom) ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))
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