The brief

Analyst view

• Cathode supplier to Sony, Samsung and EV makers with high-nickel NCA and NCM formulations.
• Debrecen plant (2026): cathode synthesis, lithium processing, industrial gases at 54 kt/yr capacity.
• NCA-manganese line for German automaker from Q4 2027.

Technical approach

As reported

High-nickel cathodes

Ultra-high nickel materials

Formulates cathodes above 90% nickel for high energy density with thermal stability. Higher nickel lowers cobalt dependence and cuts cost/Wh.

Product range

NCA, NCM, NCA-Mn, future LFP

Makes nickel-cobalt-aluminum and -manganese cathodes; plans to add manganese variants and lithium-iron-phosphate for cost applications.

Lithium processing

Integrated lithium line in Hungary

Debrecen houses a lithium processing line to reduce supply-chain risk and ensure input purity for cathode synthesis.