GEM, a Chinese lithium-ion battery recycling company, has announced plans to establish a joint venture with South Korea's SK On and Eco Pro. The partnership, worth KRW 1.21tn, aims to build an ultra-high nickel multi-component precursor (PCAM) plant and support a nickel-cobalt-manganese cathode materials supply chain in Jeollabuk-do, South Korea. The products will be exported to the North American market.
GEM views this investment as a strategic measure to comply with and satisfy regulations such as the US IRA and EU battery passport. These policies impose restrictions on the entry of key. . .
