Battery-cell manufacturer that Umicore announced in February 2023 as the customer of a long-term strategic supply agreement for electric-vehicle cathode materials, starting with an annual offtake commitment of 13 GWh in early 2024 and meant to grow to at least 46 GWh by 2030. It reaches this chain through Umicore; no source traces its cathode material to a DRC mine.
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Umicore and Automotive Cells Company signed a long-term strategic supply agreement for EV cathode materials on 27 April 2022, starting with an annual offtake commitment of 13 GWh with first commercial volumes expected early 2024, from Umicore's plant at Nysa, Poland; Umicore's 2022 results, in February 2023, add the ambition of at least 46 GWh a year by 2030. The sources are the two parties' and one outlet restating them.
Umicore also signed a long-term strategic supply agreement for EV cathode materials with Automotive Cells Company (ACC)
The long-term agreement will start with an annual offtake commitment of 13 GWh to a major platform of a European car manufacturer
Umicore will supply high nickel cathode materials for ACC's future European battery factories from its production facility in Nysa, Poland.