"LG Chem Ltd. (Seoul, South Korea) today announced a joint venture (JV) with Tianjin B&M Science and Technology (B&M), a subsidiary of China’s Zhejiang Huayou Cobalt (Huayou Cobalt) that specializes in cathode materials, a key component in battery manufacturing. "
"next-generation high nickel cathode materials out of its greenfield production plant in Nysa, Poland. " "The long-term agreement will start with an annual offtake commitment of 13 GWh to a major platform of a European car manufacturer with first commercial volumes expected in early 2024. "