• Image 01
  • Image 02
  • Image 03
  • Image 04
  • Image 05
  • Image 06
Need assistance? Contact Us: 1-800-255-5897

Menu

  • Home
  • About Us
    • Company Overview
    • Management Team
    • Board of Directors
  • Your Loan Service Center
  • MAKE A PAYMENT
  • Business Service Center
  • Contact Us
  • Home
  • About Us
    • Company Overview
    • Management Team
    • Board of Directors
  • Your Loan Service Center
  • MAKE A PAYMENT
  • Business Service Center
  • Contact Us
Recent Quotes
View Full List
My Watchlist
Create Watchlist
Indicators
DJI
Nasdaq Composite
SPX
Gold
Crude Oil
Markets
Stocks
ETFs
Tools
Markets:
Overview
News
Currencies
International
Treasuries

PPG, Cellforce Group to Develop Sustainable Battery Solutions

By: PPG via Business Wire
January 13, 2022 at 11:08 AM EST
ⓘ This article is third-party content and does not represent the views of this site. We make no guarantees regarding its accuracy or completeness.

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.”

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™

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/

Contacts

PPG Media Contact:

Mark Silvey

Corporate Communications

+1-412-434-3046

silvey@ppg.com

PPG Investor Contact:

John Bruno

Investor Relations

+1-412-434-3466

jbruno@ppg.com

investor.ppg.com

Report this content

If you believe this article contains misleading, harmful, or spam content, please let us know.

Report this article

More News

View More
News headline image
Sixth Street Specialty Lending Q2 Earnings Call Highlights ↗
Today 7:03 EDT
Via MarketBeat
Topics Earnings
Tickers TSLX
News headline image
Trex Q2 Earnings Call Highlights ↗
Today 7:03 EDT
Via MarketBeat
Topics Earnings
Tickers TREX
News headline image
Targa Resources Q2 Earnings Call Highlights ↗
Today 7:03 EDT
Via MarketBeat
Topics Earnings
Tickers TRGP
News headline image
Trulieve Cannabis Q2 Earnings Call Highlights ↗
Today 7:03 EDT
Via MarketBeat
Topics Cannabis Earnings
Tickers TRLV
News headline image
Tronox Q2 Earnings Call Highlights ↗
Today 7:03 EDT
Via MarketBeat
Topics Earnings
Tickers TROX

Recent Quotes

View More
Symbol Price Change (%)
AMZN  274.48
+2.22 (0.82%)
AAPL  313.33
+0.92 (0.29%)
AMD  483.36
-5.92 (-1.21%)
BAC  63.17
+0.17 (0.27%)
GOOG  353.47
-3.15 (-0.88%)
META  592.10
+2.20 (0.37%)
MSFT  499.99
+0.13 (0.03%)
NVDA  223.96
+4.97 (2.27%)
ORCL  147.02
+3.55 (2.47%)
TSLA  328.58
+9.05 (2.83%)
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the Privacy Policy and Terms Of Service.
© 2025 FinancialContent. All rights reserved.

Having difficulty making your payments? We're here to help! Call 1-800-255-5897

Copyright © 2019 Franklin Credit Management Corporation
All Rights Reserved
Contact Us | Privacy Policy | Terms of Use | Sitemap