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).
