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Press release content from Business Wire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.

PPG, Cellforce Group to Develop Sustainable Battery Solutions

January 13, 2022 GMT

PITTSBURGH--(BUSINESS WIRE)--Jan 13, 2022--

PPG (NYSE:PPG) today announced that it has partnered with Cellforce Group, which is a joint venture between Porsche and CUSTOMCELLS, to develop exclusive sustainable battery cell solutions to better serve the electric vehicle and mobility segment.

PPG will supply cathode binder systems, which are free of N-Methylpyrrolidone (NMP) solvent, to the Cellforce Group. The collaboration would eliminate the use of NMP in producing the conductive-carbon slurry that forms cathodes for Li-ion batteries. NMP, which is widely used in electrode manufacturing, has been identified as a reproductive hazard by several global regulatory agencies and was recently identified by the U.S. Environmental Protection Agency (EPA) as an “unreasonable risk” to workers in certain conditions.

“PPG is eager to partner with the Cellforce Group to build the next generation of battery cell technology that will define a new level of sustainability for the electro-mobility segment,” said Markus Vogt, PPG general manager of mobility. “Additionally, the partnership enables collaboration to provide critical technology development to increase cell performance and safety.”

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PPG is helping vehicle, battery and component manufacturers accelerate the development of tomorrow’s automotive energy storage solutions. The company’s broad-based materials expertise covers virtually every area of Li-ion battery design and construction, helping customers boost energy density, extend service life, improve safety, increase manufacturing throughput and reduce cost per kilowatt hour.

PPG’s dedicated team of mobility professionals provides differentiated solutions for automotive electro-mobility, such as sustainable binder solutions for the battery cell and coating solutions for the battery pack that include battery fire protection, anti-corrosion coatings for battery packs/trays, dielectric shielding and thermally conductive materials.

About the Cellforce Group:

The Cellforce Group initially develops and produces high-performance lithium-ion pouch cells for special automotive applications. Porsche AG holds a 72.7 percent stake in the company, with Customcells holding the remaining shares. The managing directors are Markus Gräf as Chief Operating Officer (COO), Wolfgang Hüsken as Chief Financial Officer (CFO) and Torge Thönnessen as Chief Technology Officer (CTO). By 2025, the workforce is expected to grow from 23 employees at present to around 100.

PPG: WE PROTECT AND BEAUTIFY THE WORLD™

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At PPG (NYSE:PPG), we work every day to develop and deliver the paints, coatings and materials that our customers have trusted for more than 135 years. Through dedication and creativity, we solve our customers’ biggest challenges, collaborating closely to find the right path forward. With headquarters in Pittsburgh, we operate and innovate in more than 75 countries and reported net sales of $13.8 billion in 2020. We serve customers in construction, consumer products, industrial and transportation markets and aftermarkets. To learn more, visit www.ppg.com.

We protect and beautify the world is a trademark and the PPG Logo is a registered trademark of PPG Industries Ohio, Inc.

CATEGORY Automotive OEM Coatings

View source version on businesswire.com:https://www.businesswire.com/news/home/20220113005084/en/

CONTACT: PPG Media Contact:

Mark Silvey

Corporate Communications

+1-412-434-3046

silvey@ppg.comPPG Investor Contact:

John Bruno

Investor Relations

+1-412-434-3466

jbruno@ppg.com

investor.ppg.com

KEYWORD: UNITED STATES NORTH AMERICA PENNSYLVANIA

INDUSTRY KEYWORD: MANUFACTURING OTHER MANUFACTURING ENERGY OTHER ENERGY CHEMICALS/PLASTICS

SOURCE: PPG

Copyright Business Wire 2022.

PUB: 01/13/2022 11:08 AM/DISC: 01/13/2022 11:08 AM

http://www.businesswire.com/news/home/20220113005084/en