South Korean battery maker SK On has entered into an agreement with Westwater Resources for materials for its automotive batteries.
Westwater is at work on a graphite processing facility in Kellyton in Coosa County.
SK On says the move is “part of efforts to strengthen its battery raw material supply chain in North America following the enactment of the Inflation Reduction Act.”
The Korean firm has two EV battery plants in Georgia and is building more, including one to support Hyundai’s operations in Montgomery.
In announcing the deal, the battery maker said, “Under the agreement, the two companies will work together to develop environmentally responsible, high-performance anode materials tailored for SK On batteries. Should the project end with successful results, SK On will consider an option of sourcing Westwater’s anode materials for use at its battery manufacturing facilities in the U.S.”