Urbix Announces its Global Expansion in UK
The company aims to supply 30% of EVs in the US, UK and Europe by 2030.
Urbix has entered the first stage of its global expansion program by establishing a UK entity.
Urbix UK, Ltd. will be strategically crucial to accelerate the deployment of local facilities to supply UK and European-based automakers and battery industries with Urbix’s advanced materials for anodes.
Nico Cuevas, CEO and Co-founder of Urbix “Companies driving the global energy transition need a reliable supply of high-performing and environmentally-friendly graphite to meet projected demand for electric vehicles. The momentum in the UK and Europe is building every day and establishing Urbix’s presence here is critical to increasing supply chain capacity outside of China. We’re looking forward to growing our presence and becoming a part of the UK’s well-established and growing battery ecosystem.”
The company aims to supply 30% of EVs in the US, UK and Europe by 2030.
The company will work with UK battery partners to test and validate its CSPG (Coated Spherical Purified Graphite).
Early results and feedback from automakers indicated that Urbix’s drop-in graphite replacement is meeting and surpassing current customer specifications.
This has substantial downstream benefits, contributing to EV batteries that are more efficient, possess a longer life cycle and achieve a greater energy density at a lower cost.
Urbix’s expansion to the UK demonstrates its commitment to scaling rapidly around the world to provide automakers with locally processed graphite for electric vehicles.
According to the Advanced Propulsion Centre (APC), the UK needs three to six gigafactories capable of 90GWh of battery capacity by 2030 to support the current size of the UK’s car industry.
Urbix’s CSPG graphite is processed using just 10% of the energy, 6% of the acid, 7% of the time and double the yield compared to existing processes.
Urbix’s method benefits from a highly resilient supply chain as it is compatible with raw graphite from multiple global locations meaning it is not dependent on a single source of graphite and does not need to source from China.
The company is currently commissioning its 1,000-tonne capacity pilot line and expects to be at 32,000 tonnes per year full-scale production by 2024.
