Germany's LFP Cathode Tech Centre Is Acquired By Epsilon Advanced Materials
Epsilon Advanced Materials (EAM) finalised the acquisition of a lithium-ion phosphate (LFP) cathode active material technology centre in Moosburg, Germany, the company capable of providing manufacturers with both cathode and anode materials for lithium-ion batteries.
India is the first country in Asia outside of China to manufacture LFP cathode materials. EAM is scheduled to break ground on its facility in India in 2024 to build a large-scale customer qualification plant in 2025, which will scale up to 100,000 tons by 2030.
“This acquisition reaffirms our commitment to delivering cutting-edge solutions to the evolving EV battery market,The advanced technology centre in Moosburg strategically positions us to lead the industry in cathode material manufacturing," said Vikram Handa, Managing Director of EAM.
Acquiring the cathode active material technology centre from Johnson Matthey solidifies EAM’s position as a global EV battery materials provider. Approximately 70 per cent of cathode materials and 100 per cent of LFP cathode for lithium-ion batteries are currently produced in China.
EAM, CEO, Sunit Kapur said, “Integrating the cathode expertise from the Moosburg technology centre with our anode business uniquely positions us to deliver comprehensive solutions to customers, delivering anode and cathode to empower them to optimise the performance of their batteries.”
Battery manufacturers are increasingly transitioning to LFP cathode, which has a longer life span, offers improved discharge and charge efficiency, provides better performance in higher temperatures, is less expensive compared to other cathode materials, such as nickel and cobalt, and is also maintenance-free, extremely safe and lightweight.
