–
Umicore may supply battery materials to ACC, the battery company of Stellantis, TotalEnergies and Mercedes. The troubled stock price of the materials group bounces.
–
Umicore
has signed a multi-year contract to supply battery materials to Automotive Cells Company (ACC), a partnership between Stellantis, TotalEnergies and Mercedes-Benz. This Franco-German company aims to become the European market leader in battery cells for car batteries and is supported by various European governments.
–
Umicore will supply cathode materials from its plant in Nysa, Poland. It is about so-called ‘high nickel’-kathodes, a variant that is in demand for the mass production of electric vehicles. In a first phase, Umicore will supply an equivalent of 13 gigawatt hours. By 2030, that volume could grow to 46 gigawatt hours, the equivalent of half a million electric vehicles per year.
–
The aim of ACC is to set up giga factories in France and Germany with a capacity of 120 gigawatt hours (GWh) per year by 2030. The production of battery cells is still concentrated in Asia for the time being.
–
“We are extremely pleased to be working with ACC on a rapid transition to electric driving,” said Umicore CEO Mathias Miedreich.
–