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Umicore secures EIB loan of €125M for battery components factory in Poland

The European Investment Bank (EIB) has signed a €125M loan with Umicore to finance the construction of a cathode material manufacturing facility in Poland. The cathode materials will be supplied to battery manufacturers of lithium-ion batteries for electric vehicles. This will also result in creating around 350 full-time jobs. The EU sees the transition to

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Accelerating battery recycling

Accessing secondary raw materials through recycling in a circular economy of batteries is a prerequisite not only to secure access to valuable raw materials but also building more resilient supply chains for batteries raw materials. With the number of electric cars on the rise, recycling of batteries from electric cars is picking up momentum. Used

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Can batteries power heavy duty vehicles?

Developments in European legislation, battery technology and charging times in connection with a European-wide charging infrastructure make electrified trucks (E-trucks) a realistic alternative for decarbonising the transport system. Electrification will be an important cornerstone in the sustainable, decarbonised transport system of the future. The European Green Deal, that was announced in December 2019 aims at

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How is Europe standing up in the transformation to electric vehicles?

Due to COVID-19, relevant and important questions have emerged as to how this will impact the electric vehicle deployment and associated market in Europe. Due to this, Transport & Environment has issued a very interesting report on the topic, “Can electric cars beat the COVID crunch?”. The report gives some encouraging facts such as the

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Electric passenger planes: next application for batteries?

It is clear that the electrification of the road transport sector has pushed forward the development of Li-ion battery technology. As a result, batteries have today specifications that allow electrification of vehicles in almost all segments. This development has spilled over and even made the electrified version of large construction machines, mining equipment and two

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