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 is transforming its Hungary facility to manufacture high-nickel cathode materials for European premium electric vehicles (EVs), aiming to strengthen its relationship with global automakers. The company announced Monday that it is altering an existing nickel-cobalt-aluminum (NCA) production line at the plant to also create nickel-cobalt-manganese (NCM) materials, with deliveries to European clients anticipated in the fourth quarter of 2027.
The conversion is estimated to cost approximately 40 billion won ($29 million), according to EcoPro BM.
At an investor briefing at NH Investment & Securities' headquarters in Seoul on Friday, EcoPro BM detailed its European business strategies, revealing that it has already started investing in the plant's transition to supply high-nickel cathode materials to a German premium automaker. The Debrecen plant, which commenced commercial operations in the first half of the year, possesses an annual production capacity of 54,000 tons and presently operates NCA lines.
The company is procuring equipment and coordinating shipments as it proceeds with the conversion process at the facility.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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