🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

Factbox-Few suppliers of synthetic graphite for EV batteries

Published 09/12/2023, 06:27 AM
Updated 09/12/2023, 10:31 AM
© Reuters. FILE PHOTO: A sign directing towards electric vehicle charging points is seen in a car park in Manchester, Britain, September 8, 2023. REUTERS/Phil Noble/File Photo
0386
-
PSX
-
NHYDY
-
1211
-

(Reuters) - Although synthetic graphite has been around for more than 100 years, few companies are supplying the material to makers of electric vehicle batteries and battery electrodes.

Here’s a short list of public and private companies engaged in the development and production of synthetic graphite, regarded as higher purity and offering better performance, for EV batteries:

Anovion (USA) * Founded: 2022 * Partners: Forge Nano, American Battery Factory * Operations: USA

BTR New Energy Materials (China) * Founded: 2000 * Investor: Syrah Resources * Partner: CNGR * Operations: China, Indonesia

Kuntian New Energy Technology (China) * Founded: 2018 * Investors: Sinopec (OTC:SHIIY), SK China, A123 Systems, Eve Energy,BTR New Energy Materials, Svolt * Operations: China

Novonix Group (Australia) * Founded: 2012 * Investor: Phillips 66 (NYSE:PSX) * Partners: LG Energy Solution, Kore Power * Operations: Australia, Canada, USA

Resonac Holdings (Japan)

formerly Showa Denko * Founded: 1939 * Operations: Japan

Shanshan Technology (China) * Founded: 1989 * Investors: BYD (SZ:002594), CATL * Partner: BASF * Operations: China

© Reuters. FILE PHOTO: A sign directing towards electric vehicle charging points is seen in a car park in Manchester, Britain, September 8, 2023. REUTERS/Phil Noble/File Photo

Vianode (Norway) * Founded: 2020 * Investors: Elkem, Norsk Hydro (OTC:NHYDY) * Operations: Norway

Sources: Felixwire, PitchBook

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.