Cabot signs multi-year supply agreement with PowerCo
Under the agreement, Cabot Corporation will supply its advanced conductive carbons and conductive dispersions for use in EV battery electrodes.
Cabot Corporation, a specialty chemicals and performance materials company headquartered in Boston, Massachusetts, has announced it has signed a multi-year supply agreement with PowerCo SE, a European original equipment manufacturer (OEM) in the electric vehicle (EV) battery sector.
Under the agreement, Cabot will supply its advanced conductive carbons and conductive dispersions for use in EV battery electrodes, the company said in a press release.
Cabot’s conductive formulations are high-performance materials designed to enhance battery conductivity and efficiency. They help in boosting the performance of lithium-ion batteries by enabling higher energy density, faster charging capabilities, and extended battery life, which are important performance attributes for next-generation EVs.
“We are proud to collaborate with one of Europe’s foremost EV battery manufacturers to deliver innovative solutions that meet the evolving demands of the electric vehicle market,” said Jeff Zhu, executive vice president and president, Carbon & Silica Technologies, Battery Materials and Asia Pacific Region, Cabot. “This agreement positions us as one of the leading conductive materials suppliers in the European EV battery market. Furthermore, it reflects the strength of our technology and our ability to scale production to meet growing global demand.”