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CBMM's investments in the British startup are aimed at accelerating business in batteries, which should evolve the electric mobility sector
CBMM (Companhia Brasileira de Metalurgia e Mineração) led the first round of investments in Echion Technologies, a British startup that develops advanced materials for lithium-ion batteries. The contribution of the global leader in Niobium products, carried out together with the BGF investment fund, totaled R$ 72 million. Also see this news: The world leader in niobium production CBMM enters into an international partnership and adopts Canadian technology to increase the performance of batteries in electric vehicles
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CBMM's objectives with this investment
This contribution made by CBMM to the British startup is yet another initiative by the company to consolidate its leadership in the development of technologies applied to battery materials with niobium oxide, which should revolutionize the electric mobility sector worldwide. Rodrigo Amado, strategy and new business manager at CBMM points out that this investment is part of the company's strategic plans to accelerate innovative technologies.
The executive also says that CBMM intends to advance even further towards sustainable mobility, offering ultra-fast charging batteries that have greater stability and useful life. We are optimistic and believe that these new products will already be available next year, concluded CBMM's strategy and new business manager.
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The global leader in niobium products plans on the British startup
CBMM and Echion intend to develop products with a unique combination of fast charging capacity, economy and high energy density, essential characteristics for the global energy transition, that is, in synergy with the decarbonization trends and the promotion of electrification. With this investment, the British company will expand the production of these new materials, which have already been evaluated and approved by the main suppliers of battery cells in the world, increasing its capacity to meet the growing demand for pre-production tests. Resources will also be used to strengthen customer support for commercial and R&D operations.
CBMM believes that the electric battery market will develop significantly in the coming years. Currently, the company has more than 40 projects with universities, research centers and companies around the world, aiming at the application of new technologies with niobium for this segment.
See also: Niobium beyond the horizon – The battery market for electric cars will be important for CBMM, in addition to other sectors of the automotive and technology sector
CBMM, a Brazilian company with headquarters and control in the country, markets industrialized niobium products worldwide. The company has invested between R$150 million and R$200 million per year in research and innovation in the use of metal. CBMM has plans to increase sales of niobium and thus opens up new strategies to attract different sectors, such as the automotive sector, in the segment of batteries in electric cars.
By 2030, with the increase in the number of niobium products, CBMM needs to diversify the sales market and with that, invests from 150 million reais to 200 million reais per year in research and innovation of metals. According to company estimates, in ten years the amount of niobium used outside of traditional uses in the steel industry will represent 35% of total sales.
Among the main bets outside the core business is the automotive sector, in terms of batteries for electric cars. However, the largest share of investments in research and innovation still comes from the steel industry, which plans to receive 100 million reais in 2021.
