EcoPro BM begins overhaul of Hungary plant to target European EV market
EcoPro BM has begun converting its Hungary plant to produce high-nickel cathode materials for European premium electric vehicles (EVs), as the battery materials maker moves to deepen its foothold with global automakers. The company said Monday that it is modifying an existing nickel-cobalt-aluminum (NCA) production line at the plant to also manufacture nickel-cobalt-manganese (NCM) materials,…
EcoPro BM has commenced the transformation of its Hungary plant to manufacture high-nickel cathode materials tailored for the European premium electric vehicle (EV) market. The battery materials producer aims to strengthen its presence among global automakers by modifying an existing nickel-cobalt-aluminum (NCA) production line at the facility to also create nickel-cobalt-manganese (NCM) materials.
Shipments to European clients are anticipated to commence in the fourth quarter of 2027. The conversion process is projected to incur approximately 40 billion won, or $29 million, according to the company. EcoPro BM disclosed its European business strategy during an investor briefing at NH Investment & Securities' headquarters in Seoul on Friday.
The firm has already started investing in the plant's conversion to supply high-nickel cathode materials to a German premium automaker. The Debrecen plant, which entered full commercial operation in the first half of the year, boasts an annual production capacity of 54,000 tons and currently employs NCA lines. The company is procuring necessary equipment and preparing shipments as it undergoes the conversion process at the facility.
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