IBU-tec Secures Vital LFP Order with Automotive Giant

IBU-tec advanced materials AG has struck a pivotal deal with a major global automotive group, securing contracts for the development and production of LFP cathode material. The agreement includes further enhancing and producing the IBUvolt® LFP402, targeting e-mobility applications. This order, valued in the mid-single-digit million Euro range, is expected to boost IBU-tec's financial performance in 2024.

This contract affirms IBU-tec's stronghold in the battery materials sector, marking it as the sole European LFP manufacturer. The eco-friendly LFP402, launched in early 2024, boasts a 40% reduced CO2 footprint. IBU-tec anticipates continued growth through this strategic partnership, supporting its IBU2025 growth strategy.