IFC invests $50 million in Gujarat Fluorochemical's battery materials facility
This funding will support the construction of India's first integrated battery materials manufacturing facility
This funding will support the construction of India's first integrated battery materials manufacturing facility
The two mid-to-long-term contracts are part of Umicore’s sourcing diversification strategy
The $400 million facility is planned to be operational by 2025
The two parties will work together to develop and manufacture anode, cathode, and solid electrolyte materials that meet ProLogium's specifications for its proprietary solid state battery technology
Mitra Chem will use the capital from the round to invest in product R&D and expand North American pre-pilot production capacity.
As part of the joint venture, SK materials will invest $52 million in the development of a battery materials manufacturing hub in South Korea expected to launch in 2022
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