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SMM invests C$16.9M in Nano One to scale LFP battery production using its One-Pot™ tech, boosting supply chain security and LFP adoption.
Nano One and Sumitomo Metal Mining (SMM) have strengthened their partnership to advance lithium iron phosphate (LFP) cathode production, with SMM investing C$16.9 million and confirming Nano One’s One-Pot™ technology as a key component of its growth strategy.
Positive results from trials, economic modeling, and IP reviews have boosted SMM’s confidence in the technology.
The collaboration aims to secure LFP supply chains, accelerate adoption of LFP batteries—known for safety, durability, and lower costs—and support global market expansion, as LFP is projected to capture half the battery market within the next decade.
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SMM invierte 16.9 millones de dólares canadienses en Nano One para escalar la producción de baterías LFP utilizando su tecnología One-PotTM, impulsando la seguridad de la cadena de suministro y la adopción de LFP.