Yahoo Finance Umicore starts industrialization of manganese-rich battery materials technology for electric vehicles
Umicore starts industrialization of manganese-rich battery materials technology for electric vehicles
Umicore is starting the industrialization of its leading manganese-rich HLM (high lithium, manganese) cathode active materials (CAM) technology and targets commercial production and use in electric vehicles (EVs) in 2026. This major milestone introduces a distinctly competitive technology to other design-to-cost battery technologies for EVs and complements Umicore’s broad portfolio of NMC (nickel, manganese, cobalt) battery materials for high performance, long-range EVs.
HLM is gaining traction with car and battery cell manufacturers as a differentiating lower cost, high energy-density and sustainable battery technology. HLM offers a better total cost of ownership than LFP (lithium iron phosphate) with longer driving ranges, equivalent safety, much more reliable SOC (state of charge) monitoring and better recyclability. Umicore recycles these battery materials on an industrial scale, at industry-leading recovery rates and in an eco-efficient way.
“Umicore reaffirms its frontrunner position in battery technology as our manganese-rich HLM technology moves closer to commercial production for future customers and provides an optimum alternative for the production of low-cost EV batteries. We have entered into product development programs with car and cell manufacturers who chose to fast-track our proprietary high-capacity-low-cost and recyclable solution thanks to its proven and distinct performance,” said Ralph Kiessling, Executive Vice President Energy & Surface Technologies at Umicore. “Umicore’s technology portfolio and projects -- from present mid-to-high nickel, to near-term manganese-rich technologies and to future solid-state batteries – support our customers and enable the e-mobility transformation with a broad range of leading technologies.”
Future HLM production is foreseen at Umicore’s battery materials plants in Korea and Poland, which today produce NMC-based cathode active materials, as well as at the planned facility in Canada.
For more information
Investor Relations
Caroline Kerremans | +32 2 227 72 21 | |
Eva Behaeghe | +32 2 227 70 68 | |
Adrien Raicher | +32 2 227 74 34 |
Media Relations
Marjolein Scheers | +32 2 227 71 47 | |
Caroline Jacobs | +32 2 227 71 29 |
About Umicore
Umicore is the circular materials technology Group. It focuses on application areas where its expertise in materials science, chemistry and metallurgy makes a real difference. Its activities are organised in three business groups: Catalysis, Energy & Surface Technologies and Recycling. Each business group is divided into market-focused business units offering materials and solutions that are at the cutting edge of new technological developments and essential to everyday life.
Umicore generates the majority of its revenues and dedicates most of its R&D efforts to clean mobility materials and recycling. Umicore’s overriding goal of sustainable value creation is based on an ambition to develop, produce and recycle materials in a way that fulfils its mission: materials for a better life.
Umicore’s industrial and commercial operations as well as R&D activities are located across the world to best serve its global customer base.
