Mar 13, 2024
CHASM Advanced Materials, Inc. partners with Ingevity to expand CNT supply for North American and European EV battery markets
INGEVITY IN THE NEWS
CHASM Advanced Materials, Inc. (CHASM) has announced a partnership with Ingevity Corporation (INGEVITY) aimed at expanding carbon nanotube (CNT) supply for gigafactories in North America and Europe. This collaboration signifies a significant step toward meeting the increased demand for CNTs and supporting the burgeoning electric vehicle (EV) industry in these regions.
CNTs have become critical components in the battery industry, actively specified in both current and future battery products by major EV battery producers. Conductive CNT additives for cathodes and anodes enable higher-performance batteries that can deliver extended range, faster charging and longer battery life.
The majority of CNT production facilities are currently based in Asia, so a significant challenge persists as manufacturers seek local CNT production in North America and Europe to meet the surging demand in these markets.
Read the full article in Batteries News here