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Group14 Technologies forms JV with SK Materials to produce lithium-silicon battery materials - Chemical Engineering

Group14 Technologies forms JV with SK Materials to produce lithium-silicon battery materials - Chemical Engineering
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SK Materials to set up joint venture with Group14

SK Materials to set up joint venture with Group14 Posted : 2021-07-20 12:09 By Kim Hyun-bin SK Materials decided to establish a joint venture with Group14 Technologies, a global provider of silicon-carbon composite materials for lithium-ion markets, Tuesday. The agreement is calling for the two entities to construct a factory for lithium-silicon battery materials in?South Korea, a move aimed at securing dual sourcing for lithium-silicon technology which is considered a critical measure to mitigate potential global supply chain disruptions to the battery market. SK Materials will hold a 75 percent stake in the venture with the remaining 25 percent going to Group14 Technologies. SK plans to invest 60.4 billion won ($52 million).

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