Umicore and Automotive Cells Company (ACC – a joint company between Stellantis, Mercedes-Benz and TotalEnergies together with its subsidiary Saft) have signed a long-term strategic supply agreement for EV (electric vehicle) cathode materials in Europe. Umicore will supply ACC’s future large-scale European battery plants with next-generation high nickel cathode materials out of its greenfield production plant in Nysa, Poland.
The long-term agreement will start with an annual offtake commitment of 13 GWh to a major platform of a European car manufacturer with first commercial volumes expected in early 2024. Umicore and ACC share the ambition to further develop their partnership with the potential to grow annually supplied volumes to reach at least 46 GWh by 2030, equivalent to powering at least 500,000 EVs per year.
The partnership supports ACC’s growth and sustainability ambitions by providing ACC access to critical, high-performing and ethically sourced battery materials for the ramp-up of its European cell production. In turn, it will provide Umicore secured access to substantial demand for its cathode materials and further diversify its exposure to major and diverse players in the EV value chain.
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