battery material, lithium iron phosphate, li-ion battery, Advanced Lithium Electrochemistry
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Taiwan-based lithium iron phosphate cathode material firm, Advanced Lithium Electrochemistry (Cayman) Co., is considering going for public listing with a special purpose acquisition company in the future through its U.S. subsidiary. The company is one of the top long cycle-life battery materials providers and is engaged in research, development, production, and sales of lithium iron phosphate cathode materials.

Advanced Lithium Electrochemistry’s specialized lithium iron phosphate cathode materials are protected by global patents and are all manufactured in Taiwan, its LFP products have entered the automotive supply chain in Europe since 2019 according to the company’s website.

After undergoing transitions in recent years, Advanced Lithium Electrochemistry has been partnering with clients from overseas including Japan, Korea, Europe, and the U.S. to develop new products, and has subsequently entered the testing phase that currently makes up the battery material firm’s main source of revenue.

Advanced Lithium Electrochemistry had previously partnered LGChem in lithium-ion battery sales to European carmakers in small volume shipments and has also struck deals with Japanese energy storage companies.

The company’s combined revenue in the second quarter had grown by 40%, reaching the highest record in the past two years. Performance of the first half of 2021 almost grew three folds compared to the same period of last year, and the company is hoping to ride on the growing momentum.

The decision to go public in the U.S. was made to aim for a long term development, as the company believes lithium iron phosphate cathode materials will grow significantly in the future. However, plans for IPO are still at the initial stage, and no deal is in place at the moment, so the schedule for a potential SPAC deal to release and for the company to IPO is still uncertain.


Source: anue