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Battery materials technology developer Nano One announces strategic investment from Sumitomo, shares up

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- Shares of battery cathode material technology developer Nano One Materials are trading higher today after the company announced a strategic investment from Sumitomo Metal Mining .

Importantly, the companies agreed to undertake joint development of manufacturing technology for battery cathode materials for electric vehicles , among other collaborative work. “Nano One possesses unique CAM production technology, called the One-Pot Process. This technology reduces process complexity, resulting in fewer process steps and lower CAPEX and OPEX compared to current technology. Nano One’s One Pot technology will enable CAM production at a lower cost and environmental impacts than current technology,” Sumitomo said.

SMM said it will also seek other collaborations with Nano One in the field of CAM production, including collaborations such as the establishment of a joint venture and licensing agreements.

 

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