Swedish Battery Materials Company Expands to China
Swedish battery materials company Altris AB announced that it has officially opened its first office in China. The Guangzhou-based team will work to promote the company’s cathode material, Fennac®, to the Chinese market, as well as provide tailored local support to new and existing customers.
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The opening of the new office comes at a time where interest in producing sodium-ion batteries is high and when there is generally a global increased demand for batteries. Chinese battery giant CATL also recently declared that they believe the performance of sodium-ion batteries to be roughly the same, or even better than the lithium-ion batteries they currently produce, in all aspects. CATL has led the way and has announced that there will be a value chain to produce such batteries by 2023.
Since CATL’s announcement, interest in Fennac® has notably increased. –
– As interest in Altris’ product grows in China, the local sales and support team will expand to match customer’s needs. The company is also planning to scale up production of Fennac® to an industrial level in 2022. This includes the building of a new industrial scale manufacturing unit in Sweden, with the annual capacity to produce 2,000 tonnes of the cathode Fennac®, enabling 1GWh of sustainable batteries, says the company in a statement
