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IONWAY cathode materials plant (Umicore + PowerCo/VW) in Nysa

under construction stage: construction
1.7 bn EUR
programme budget (multi-year) · 2023 prices ≈ 7.3 bn PLN (value-by-stage, est., nominal) funding: Umicore and PowerCo (Volkswagen Group), Polish government grant of EUR 350 million (Temporary Crisis and Transition Framework)

IONWAY, a joint venture of Belgium's Umicore and PowerCo (the battery company of the Volkswagen Group), is building its first cathode active materials (CAM) plant for electric-vehicle batteries in Radzikowice on the outskirts of Nysa (Opolskie Voivodeship), within the Wałbrzych Special Economic Zone INVEST-PARK. The investment, worth up to approx. EUR 1.7 billion by the end of the decade and supported by a Polish government grant of EUR 350 million, is ultimately to employ approx. 900 people and is being built next to Umicore's existing plant. The plant was announced in October 2023, with production scheduled to start in the first half of 2026.

How it went

Assessment: too early to assess. Signals only where documented.

Delivery partial

Timeline

  1. Announced 7 Oct 2023
  2. Current date 2026

Change history

  • 22 May 2025 stage: construction
  • 7 Oct 2023 stage: announced

Significance

The investment, worth up to approx. EUR 1.7 billion, is ultimately to create approx. 900 jobs and integrate Poland into the European supply chain for cathode active materials (CAM) for electric-vehicle batteries, alongside Umicore's existing plant in the Wałbrzych Special Economic Zone INVEST-PARK. The project received a EUR 350 million grant from the state budget and strengthens the Opolskie region's position as a hub for the electromobility industry. A risk to the pace of production start-up remains the slowdown in demand for electric vehicles in Europe in 2024-2025.

Sources 5 · 5 archived

Every fact on this card comes from the sources below. Next to each source — which fields it supports.

  1. New European battery materials player IONWAY locates first production plant in Nysa, Poland ↗ archived ✓
    Volkswagen Group 7 Oct 2023
    CostAnnouncedInvestorStage
    Cost „total investment of up to € 1.7 billion (€ 1.35 billion after grants) by the end of the decade"
    Announced „New European battery materials player IONWAY locates first production plant in Nysa, Poland"
    cost.funding.1 „€ 350 million in cash grants under the Temporary Crisis and Transition Framework"
  2. IONWAY – the PowerCo/Umicore JV – to locate its first production plant in Nysa, Poland ↗ archived ✓
    IONWAY 7 Oct 2023
    CostInvestor
  3. Another strategic investment in the Wałbrzych Special Economic Zone! ↗ archived ✓
    Polish Investment and Trade Agency (PAIH) Oct 2023
    InvestorCost
    Investor „Umicore and PowerCo, a subsidiary of the Volkswagen Group ... collaborating through their joint venture called "IONWAY""
  4. Ionway buduje w Polsce fabrykę materiałów katodowych ↗ archived ✓
    Evertiq 22 May 2025
    StatusStageCurrent date
    Status „rozpoczyna się budowa pierwszej w Polsce fabryki materiałów katodowych należącej do spółki Ionway"
    Stage „W Radzikowicach (przedmieścia Nysy, woj. opolskie), rozpoczyna się budowa pierwszej w Polsce fabryki materiałów katodowych należącej do spółki Ionway"
    Current date „Rozpoczęcie produkcji planowane jest na pierwszą połowę 2026 roku"
    locations.0.voivodeship „W Radzikowicach (przedmieścia Nysy, woj. opolskie), rozpoczyna się budowa pierwszej w Polsce fabryki materiałów katodowych"
  5. Budowa fabryki materiałów akumulatorowych IONWAY na przedmieściach Nysy przebiega zgodnie z planem ↗ archived ✓
    Mikrokontroler.pl 26 May 2025
    StatusStageCurrent date