“With EV Metals Group vision and capability to be a fully integrated battery chemicals business, I am very confident that they are the right owner for the Battery Materials business going forward.” “Johnson Matthey made the decision to exit Battery Materials due to insufficient returns, increased commoditisation of battery materials combined with the need for very high capital investments to remain competitive,” says CEO Liam Condon. The transaction is expected to close in the summer of 2022. However, the size of the stake is not known. Johnson Matthey will receive a minority stake in EV Metals as part of the deal. The sale also includes Johnson Matthey’s eLNO technology based on the GEMX and CAM-7 cathode platforms. Batteries cathodes EV Metals Johnson Matthey Nano OneĪfter the British chemical company Johnson Matthey surprisingly announced its withdrawal from the business with battery materials for the automotive industry in November 2021, parts of the business are now being sold to EV Metals Group and Nano One Materials.Īccording to Johnson Matthey, the Australian EV Metals Group is acquiring Johnson Matthey’s assets at the Battery Technology Centre in Oxford and the Battery Technology Centre and Pilot Plant in Billingham, a research centre in Moosburg, Germany, and a partially constructed site in Konin, Poland, for £50 million (€59 million).
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