Ingevity enters EV battery market with $60M investment in lithium-ion anode materials producer Nexeon
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AUGUST 15, 2022
Chemicals and materials company Ingevity earlier this month invested $60 million in a $170-million round to acquire an equity stake in Nexeon Limited ( earlier post ) in a strategic move to establish the company’s presence in the electric vehicle (EV) market and expand opportunities to grow its activated carbon business. UK-based Nexeon is a desiger of silicon-based anode materials that improve performance of lithium-ion batteries for EVs and consumer electronics.