COBCO and Umicore Sign Strategic Supply Agreement for Precursor Cathode Active Materials for Electric Vehicle (EV) Batteries
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EQS-News: COBCO
/ Key word(s): Agreement
JORF LASFAR, Morocco, March 28, 2025/APO Group/ -- COBCO, the battery materials joint venture between AL MADA and CNGR Advanced Materials, has signed a strategic long-term supply agreement with Umicore, a global leader in circular materials technology, for the delivery of precursor cathode active materials (pCAM) to be used in electric vehicle (EV) batteries.
Under the terms of the agreement, COBCO will supply high-performance NCM pCAM from its newly commissioned production facility at Jorf Lasfar, Morocco. These materials will feed Umicore’s cathode active material (CAM) production lines, supporting its international customer base and contributing to the advancement of sustainable mobility in Europe and beyond.
This partnership underscores the growing momentum behind building a robust, transparent, and low-carbon battery value chain in the EMEA region. COBCO’s state-of-the-art plant operates to the highest environmental and quality standards, leveraging Morocco’s renewable energy potential to significantly reduce the carbon footprint of its products.
“This agreement marks a significant milestone in COBCO’s ambition to become a strategic supplier of low-carbon, high-quality battery materials to global leaders in electromobility,” said Allen Luo, CEO of COBCO. “We are proud to contribute to Umicore’s responsible sourcing and circularity commitments while anchoring critical battery materials production in Morocco.”
Commissioned in early 2025, COBCO’s first production lines represent the foundation of a broader industrial development program. In addition to NCM pCAM, the company is expanding into Lithium Iron Phosphate (LFP) cathode materials and black mass recycling—creating an integrated and circular battery materials ecosystem with a total capacity equivalent to 70 GWh, enough to power over 1 million EVs per year.
Distributed by APO Group on behalf of COBCO.
Download image : https://apo-opa.co/3RmPpPE (Image caption : COBCO has already commissioned its first batch of production lines and is anchoring critical battery materials production in Morocco)
For more information on COBCO: Investor Relations Hugo Mo
Media Relations Lyu Min
About COBCO:
28.03.2025 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group. |
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