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.

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.

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