Johnson Matthey Plc has entered into an agreement for the sale of part of its Battery Materials business to EV Metals Group, a global battery chemicals and technology business. The Battery Materials business will be sold for a total consideration of GBP 50 million in cash. The sale includes Johnson Matthey’s assets at the Battery Technology Centre in Oxford & Battery Technology Centre and pilot plant in Billingham, a research centre in Moosburg, Germany and the partly constructed site in Konin, Poland. The sale does not include Johnson Matthey’s LFP facility in Canada, which will be acquired by Nano One, a clean technology innovator in battery materialsThe sale also includes Johnson Matthey’s eLNO technology, underpinned by the GEMX and CAM-7 cathode platforms that the company licensed from CAMX. EV Metals Group will continue to develop eLNO, building on the successful customer testing program that Johnson Matthey had undertaken.