LG ES acquires license for new cathode materials
LG Energy Solution has acquired a license from the US company CAMX Power for the intellectual property of its ‘GMEX platform’. The South Korean battery cell manufacturer is primarily interested in nickel-based cathode materials for use in lithium-ion batteries.
The financial details of the deal are not disclosed in the release, so it’s unclear what LGES paid for the license.
CAMX Power says its GMEX cathodes use “molecular engineering” to place important materials we cobalt and aluminium at critical points in the cathode particles. This is said to result in lower cobalt consumption, as well as greater stability, higher performance and lower cost for all classes of high-nickel materials.
The GMEX platform is suitable for “a broad class of cathode materials,” according to the inventors, specifically citing NMC, NCA, NMCA and LNO high nickel chemistries. However, the products, which will be marketed under the brand names gNMC, gNCA, gNMCA or gLNO, depending on the chemistry, are not yet available. According to CAMX, that is “expected to happen in the next decade or more.”
“CAMX is privileged that LGES, as this now independent premier and transformational supplier of cells and batteries, has added the GEMX platform, and in particular the gNMCA derivate, to its choices of cathode materials for use in their offers especially for EVs,” said Kenan Sahin, founder and CEO of CAMX. “Instead of attempting production ourselves, by working with eminent and established companies like LGES, CAMX can see its inventions rapidly and more broadly come to market for the benefit of society especially in the environmentally beneficial connected and self-aware EVs poised to dominate transportation and become a multi-trillion dollar industry in itself.”
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