Sud-Chemie Invests EUR 60 Million in Series Production of the Battery Material Lithium Iron Phosphate for Electric Vehicle Drives
Süd-Chemie AG, a worldwide leading specialty chemical company based in Munich/Germany, is reported to invest approximately EUR 60 million in the production of lithium iron phosphate (LFP), a high performance energy storage material used in batteries for electric vehicle drives and other applications.
Süd-Chemie AG, a worldwide leading specialty chemical company based in Munich/Germany, is reported to invest approximately EUR 60 million in the production of lithium iron phosphate (LFP), a high performance energy storage material used in batteries for electric vehicle drives and other applications.
The press release is quoted as saying:
On the new site of its wholly-owned Canadian subsidiary, Phostech Lithium Inc. in Candiac/Quebec, the German group is constructing the first industrial production plant for LFP using a new, proprietary production process based-on wet chemistry.