Some more evidence that Ecopro is going gangbusters - article overnight at Investing.com:
Nickel-cobalt manganese (NCM) 811 anode material for electric vehicles was the first in the world to be mass-produced. Ecopro Bm doubled its production capacity by completing the plant expansion in Chungbuk Cheongwon in February this year. Five factories in Pohang, Gyeongbuk Province are also expanding.
When the expansion is completed, the annual production capacity of 29,000 tons will increase to 55,000 tons in 2020. The rechargeable battery materials business is more than twice as competitive as its competitors. Kim said, "The production equipment will start to be put into the 5 factories at the end of this month from the end of the month," said Kim. "If we start production after the completion of the second half, we will have the world's largest production capacity." "We are also planning to build 6 factories with automated innovation processes," he added.
Experts are paying attention to the growth potential of NCM among the materials Ecoprobe is producing. "NCA is mainly used in power tools and wireless home appliances," said resident Umeritz Goldman Securities Researcher. "It is time to pay more attention to the growth potential of NCM used in EV batteries." Ecopro Bm accounts for 75% of NCA sales (as of 2018).
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