Lithium Investing News » Sud-Chemie Invests EUR 60 Million in Series Production of the Battery Material Lithium Iron Phosphate for Electric Vehicle Drives

Sud-Chemie Invests EUR 60 Million in Series Production of the Battery Material Lithium Iron Phosphate for Electric Vehicle Drives

July 12, 2010 @ 2:13 pm In Lithium Market News

Süd-Chemie AG, a worldwide leading specialty chemical company based in Munich/Germany, is reported to invest approximately EUR 60 million in the production of lithium iron phosphate (LFP), a high performance energy storage material used in batteries for electric vehicle drives and other applications.

The press release is quoted as saying:

On the new site of its wholly-owned Canadian subsidiary, Phostech Lithium Inc. in Candiac/Quebec, the German group is constructing the first industrial production plant for LFP using a new, proprietary production process based-on wet chemistry.

Click here to access the entire press release ^[1]

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URL to article: http://lithiuminvestingnews.com/1634/sud-chemie-invests-eur-60-million-in-series-production-of-the-battery-material-lithium-iron-phosphate-for-electric-vehicle-drives/

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[1] Click here to access the entire press release: http://www.marketwire.com/press-release/Sud-Chemie-Invests-EUR-60-Million-Series-Production-Battery-Material-Lithium-Iron-Phosphate-1288269.htm