3M Licenses Nickel-Manganese-Cobalt Battery Patents to LG Chem

3M (NYSE:MMM) has licensed its patents for nickel-manganese-cobalt oxide lithium-ion batteries to LG Chem (KRX:051910), Charged EVs reported.
As quoted in the press release:

NMC, valued for its balance of power, energy, thermal stability and low cost, has been the subject of some rivalry and at least one lawsuit. Argonne National Laboratory holds a patent for NMC that it developed with Dr. Michael Thackeray, while 3M has its own patented NMC, based on work done by Dr. Jeff Dahn at Dalhousie University. LG Chem had earlier licensed Argonne’s NMC formulation.

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