Umicore and Idemitsu Kosan Co., Ltd have agreed to jointly develop high-performance catholyte materials for solid-state batteries, combining their respective expertise in cathode active materials and solid electrolytes, and aiming to provide the technological breakthrough to extend the driving range and thereby propel e-mobility. Umicore brings its world-leading expertise in a variety of cathode active materials (CAM) for lithium-ion batteries, while Idemitsu Kosan brings its know-how in solid e
(Reuters) -Belgium's Umicore on Wednesday presented a 5 billion euro plan to bulk up its battery materials business by 2026, as it prepares for soaring demand largely driven by electrical vehicle production. "This is an 'all in' approach to battery materials," Berenberg analyst Sebastian Bray said, adding investors were likely surprised by the magnitude of investments. Umicore, which aims to recover the costs of investment and more than double its group revenues by 2030, said it could look for funds from debt or equity markets.
Umicore launches “Umicore 2030 - RISE”, its new strategic plan designed to accelerate value creative growth Umicore will hold today its Capital Markets Day for investors and analysts at 09:00 BST/10:00 CEST. The event is being held in London and will also be streamed via live webcast, which can be found at: Umicore Capital Markets Day Chief Executive Officer Mathias Miedreich, along with his Management Board colleagues, will unveil Umicore’s new strategy “Umicore 2030 - RISE”. The strategy is un