Performance boost for electromobility: Evonik invests in battery expert SuperC
- Chinese company specializes in graphene materials
- Its Technology increases the range, robustness, charging speed, and service life of batteries
- Investment strengthens Evonik's growth strategy for battery solutions
Essen, Germany. Evonik has invested in battery specialist SuperC. The Chinese company is a technological leader in graphene materials that improve the range, robustness, charging speed, and service life of lithium-ion batteries. This can solve key limitations of electric vehicles and accelerate the shift to climate-friendly mobility.
"By investing in SuperC, we are supporting a cutting-edge technology with a promising future. High-performance batteries are a crucial factor in accelerating the electrification of road transport and permanently reducing CO2 emissions," says Bernhard Mohr, head of Evonik's venture capital unit. The investment is made by the Sustainability Tech Fund launched in 2022, which has a total investment volume of €150 million. The Group is thus also strengthening its sustainability goals by investing in an innovative technology and business model. The focus of the fund is on new technologies to reduce emissions as well as innovations that complement Evonik's Next Generation Solutions.
SuperC has developed an innovative process to produce few-layer graphene (FLG) and, in turn, pastes for electrodes in lithium-ion batteries. The addition of graphene increases the electrical and thermal conductivity of the batteries for faster charging and better overall performance. The batteries become also more temperature insensitive. This saves on cooling requirements and reduces the risk of fire. "With our technology, we want to pave the way for the next generation of batteries. We are pleased to have Evonik as a strong and international partner at our side," says Di Sun, CEO of SuperC.
"By working with SuperC, we are expanding our technical know-how and our understanding of the highly dynamic market. This fits perfectly with our growth strategy for battery solutions," adds Stefan Plass, head of the Interface & Performance business line. As one of the world's leading specialty chemicals companies, Evonik is committed to innovative and sustainable e-mobility solutions. One focus is on improving battery technology: The company's products are used in various components of the batteries, making them more powerful, safer, and more environmentally friendly. Evonik has also its own global lithium-ion research center in Shanghai. “China's battery industry has logged rapid growth in recent years. With the investment, we create synergies in innovations for battery materials and thus support our local business development,” adds Fuliang Xia, President of Evonik Greater China. According to experts, global demand for lithium-ion batteries will increase fivefold by 2030.
Hefei Haizhou New Material Co., Ltd., also known as SuperC, was founded in 2011 in Dongguan, China. It is considered a pioneer in graphene-based electrode material for lithium-ion batteries. The company's materials are already used in products from leading Chinese battery manufacturers. SuperC plans to open a new production facility in Hefei, a key location for the automotive industry, in 2023.
Evonik is one of the world leaders in specialty chemicals. The company is active in more than 100 countries around the world and generated sales of €15 billion and an operating profit (adjusted EBITDA) of €2.38 billion in 2021. Evonik goes far beyond chemistry to create innovative, profitable and sustainable solutions for customers. About 33,000 employees work together for a common purpose: We want to improve life today and tomorrow.
About Evonik Venture Capital
With a fund size of €400 million, Evonik Venture Capital (EVC) has made 50 investments since 2012, both direct and fund investments. From its offices in Germany, the USA and China, EVC invests in innovative technologies and business models in the area of Nutrition & Care, Smart Materials and Specialty Additives. The investments also support the digitalization and sustainability strategy of Evonik. The scope ranges from early stage to growth stage with an investment volume of up to €15 million per portfolio company. https://venturing.evonik.com
In so far as forecasts or expectations are expressed in this press release or where our statements concern the future, these forecasts, expectations or statements may involve known or unknown risks and uncertainties. Actual results or developments may vary, depending on changes in the operating environment. Neither Evonik Industries AG nor its group companies assume an obligation to update the forecasts, expectations or statements contained in this release.