CAMX Power LLC (CAMX) and Panasonic Energy Co., Ltd. (Panasonic Energy), a Panasonic Group Company, announce that Panasonic Energy has taken a license from CAMX to the latest GEMX platform of cathode active material for lithium-ion batteries.

The GEMX platform is based on fundamental inventions of CAMX for which more than 30 patents have been granted globally, including the US, EU, Korea, Japan and China. The GEMX inventions, through molecular engineering, place cobalt, aluminum, etc. at the critical places of the cathode particles resulting in the use of less cobalt, yet with greater stability, higher performance and lower cost for all classes of nickel-based cathode materials including high-manganese.  Its derivative products have been branded as gNMC, gNMCA, gNCA, and gLNO.

"Instead of attempting production ourselves, CAMX, through license agreements like these can have its inventions rapidly and more broadly come to market for the benefit of society," continued Sahin.

"With a 100-year history of innovation in batteries spanning battery cell technology and business operations, Panasonic Energy has been the power and the powerhouse behind EV and thus the key enabler of the EV revolution now rapidly spreading across the globe. The addition of the Kansas plant to the Sparks, NV gigafactory will keep Panasonic Energy as the premier cell maker," said Sahin, the president and founder of CAMX.  "Cell costs account for a third of an EV cost and about half the cell cost is the cathode. Having Panasonic Energy add GEMX to its cathode choices is a great privilege for CAMX," continued Sahin.

Note: The content of this press release has not been edited by Fibre2Fashion staff.

Fibre2Fashion News Desk (HU)