Media Coverage

Nano One, Sumitomo Metal Mining strike $16.9-million CAM investment deal

October 5, 2023

By Mehanaz Yakub

Nano One and Sumitomo Metal Mining are teaming up to accelerate the production of cathode active materials. As part of this collaboration, Sumitomo Metal is making a $16.9-million investment in Nano One, which also gives it a share in the company.

The two companies aim to advance Nano One’s ability to begin commercial manufacturing of two essential electric vehicle battery components — lithium iron phosphate (LFP) and lithium nickel manganese cobalt oxide (NMC) cathode active materials (CAM).

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