China-based cathode material company Ronbay has revealed plans to build two battery materials manufacturing plants in Chungju, South Korea.
Ronbay announced that one facility will generate high-nickel ternary cathodes with 40,000tpa of output.
JAESE Energy, a South Korean subsidiary of Ronbay, will construct this facility for an expected cost of Won1.99bn ($273.2m), reported Yicai Global.
The second facility will produce 20,000tpa of lithium ferromanganese phosphate (LMFP) cathodes.
This will be built by a Chinese subsidiary in South Korea, in which Ronbay has a 68% stake. It is projected to cost Won642m, according to the media company.
The 20,000tpa LMFP cathode project is claimed to be the first large-scale lithium ferromanganese facility managed by Chinese cathode material businesses outside of China.
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Ronbay plans to create 380,000t of ternary cathode materials capacity worldwide, with 230,000t and 100,000t produced in China and South Korea, respectively, in line with its global investment strategy.
Aside from the 500,000t of ternary cathode materials in China and 200,000t in South Korea, it expects to create 150,000t of ternary cathode materials in Europe and North America by the end of 2030.
Ronbay intends to create a 60,000t capacity for sodium electric materials in China by the end of 2025, with that capacity increasing to 500,000t in China, Europe, and North America by the end of 2030.