Brief: Umicore, HS Hyosung Advanced Materials Partner On Joint Venture Focused On EV Batteries

Umicore SA

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)

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