On December 14, Battery network learned from The Company meike, the company plans to form a joint venture with Volkswagen, in Europe to strengthen the production of precursor and cathode materials to supply Volkswagen's European battery production.
The joint venture aims to gradually increase the production capacity of the joint venture's precursor and cathode materials. This will enable Volkswagen's salzgit plant in Germany to achieve an initial annual production capacity of 20GWh in 2025 and increase to 160GWh by the end of 2030, which is equivalent to powering about 2.2 million all-electric vehicles.
"The large scale of the partnership will provide a strong and cost-competitive supply of innovative, sustainable sourcing and customized high-performance cathode materials for Volkswagen's ambitious unified battery strategy," Said Merica. It also provides a practical path for Graceful to enter an important part of European demand for electric vehicle cathode materials, unlocking significant economies of scale.
On October 15, The company announced a long-term lithium supply agreement with Ganfeng Lithium (002460) and Vulcan Energy Resources. Both agreements have an initial term of five years and can be extended upon mutual consent.
Among them, the agreement with Ganfeng Lithium covers lithium supply from 2022, which will cover a major portion of Future lithium demand for Umisco in Asia. The lithium will be mined from hard rock deposits in Australia, subject to the strictest sustainable standards.
An agreement with German-Australian Vulcan Energy Resources, which will also take effect in 2025, will meet some of Merico's future lithium hydroxide needs in Europe. Meanwhile, During the term of the agreement, Meike will be allowed to purchase between 28,000 and 42,000 tons of lithium hydroxide. The lithium hydroxide will be captured by Vulcan Energy within the framework of its unique Zero-carbon Lithium project in Germany, which uses natural renewable geothermal Energy to extract lithium from deep brines with zero CO2 emissions in the process.
In addition, in May this year, graceful and basf also signed a non exclusive patent cross-licensing agreement, its widely involved in the positive active material (CAM) and the anode material precursor (PCAM) products, including nickel, cobalt, manganese (sliding), aluminum nickel and cobalt (NCA), aluminum nickel and cobalt manganese (NCMA) and high capacity of rich manganese material (HE - sliding), etc.
Basf's agreement with Merico covers more than 100 patent families filed in Europe, the US, China, South Korea and Japan. Each party reserves the right to license its intellectual property rights to a third party in the future.
Over the years, BASF and Meliko have been investing aggressively in product innovation for low, medium and high nickel cathode active materials and precursors. Both companies have sizable and complementary patent portfolios. Through this agreement, both parties can further accelerate product development to better address the energy density, safety and cost challenges facing the electric vehicle industry, while increasing transparency and reducing intellectual property risks for battery manufacturers and their customers.
The company focuses on specialized applications in materials science, chemistry and metallurgy, and most of its revenue is used for research and development in the areas of clean moving materials and recycling, according to the data. The company is divided into three business groups: Catalysis, Energy and Surface Treatment Technologies and Recycling. Each business group is divided into market-focused business units that provide materials and solutions that are at the forefront of new technologies and essential to everyday life. For the year to the first half of 2021, the group had revenues (excluding metals) of €2.1 billion (turnover of €12.7 billion).
Volkswagen ag said Monday it will set up a European company to better develop its battery business. The new company's business will cover everything from raw material processing to managing European gigafactory, foreign media reported.
Volkswagen plans to build six gigafactories in Europe to meet growing demand for cells, and has set aside 2 billion euros ($2.26 billion) for construction and operation of the gigafactory in Salzgit before it opens, which is expected to start production in 2025. Over the next five years, Volkswagen will invest about 52 billion euros to develop and produce new electric vehicles.
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