Britishvolt and South Korean company Posco Chemical have agreed to collaborate on the development and supply of anode and cathode materials for electric car batteries. Britishvolt is securing a stable supply of raw materials ahead of commercial production of its battery cells.
Britishvolt‘s factory in Blyth in the northern English county of Northumberland will have an annual capacity of around 38 GWh instead of 30 GWh. There are also plans for its second factory in Canada with a capacity of over 45 GWh.
With this collaboration, the two companies have agreed to work together on the development of battery materials to be used in Britishvolt battery systems and to promote supply agreements in the future. In addition to local production of battery materials in Europe, the two companies also aim to…
Britishvolt & Posco Chemical join forces on batteries
