“SKC, a $5bn market cap company, is one of Korea’s leading advanced materials companies, with a strategic focus on rechargeable battery and semiconductor materials,” according to Nexeon. “Through this transaction, Nexeon enters into a strategic partnership with SKC, a global battery and semiconductor materials company, for volume manufacturing of its silicon anode materials.”
“We are excited that our new partners have recognised the value of our silicon anode materials, and this move will accelerate production ramp-up and facilitate access to markets across the globe,” said Nexeon CEO Scott Brown. “This investment validates the technical and commercial progress we have made.”
HSBC acted as advisor for Nexeon’s funding and partnership agreement.
As well as its Oxfordshire headquarters, Nexeon has application engineering labs in Japan.