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The newly-founded Brussels-based European EV battery materials producer IONWAY has chosen to build its first CAM production plant in Nysa, Poland, adjacent to Umicore’s existing CAM plant. The JV, backed by Volkswagen Group-owned PowerCo SE and Umicore, is scaling up the EU footprint in the e-mobility business with the ambition to grow its annual production capacity to 160 GWh p.a. by the end of the decade, corresponding to 2.2 m battery-electric vehicle, based on market developments. IONWAY will thus help the European Union achieve its Green Deal ambitions by accelerating the establishment of regional, sustainable, and transparent battery value chains.

Visualization of ionway's future factory for the production of cathode material in Nysa, Poland
Press Release: PowerCo and Umicore set up pre-eminent new European battery materials player
Umicore and Volkswagen Group-backed battery company PowerCo have announced the name and branding of their first-of-its kind cooperation. Their Brussels-headquartered joint venture for large-scale industrial production of CAM and pCAM in Europe will bear the name IONWAY. Both parents aim to grow IONWAY’s annual production capacity to 160 GWh p.a. by the end of the decade, corresponding to 2.2 m battery-electric vehicles.

Media contacts

Dr. Stefan Ernst
Spokesperson Battery | Volkswagen Group Technology
Tel. +49 (0) 5361 / 9-960976
Marjolein Scheers
Marjolein Scheers
Umicore | Director External Relations
Tel. +32 2 227 71 47