Ingevity Obtains Rights to Produce CHASM Battery Application Carbon Nanotube Additives

Ingevity Corporation has signed a licensing agreement with CHASM Advanced Materials, Inc. for the latter's carbon nanotube (CNT) production technology. This company, with a market capitalization of $1.79 billion, has seen its stock price rise by 22.36% this year to date as it expands its materials technology portfolio.

The agreement authorizes Ingevity to produce CHASM's NTeC-E CNT conductive additives for battery applications in North America and certain European countries, based on the joint development agreement signed in February 2024.

Two companies announced that CHASM's carbon nanotube technology has been tested and verified, showing superior conductivity compared to other commercial carbon nanotube products. It also achieves excellent capacity retention at high C rates and performs exceptionally well in the long cycle life of commercial lithium-ion cathodes and silicon anodes.

Carbon nanotube additives are designed to be integrated into various battery chemistries, including lithium-ion cathodes, high-nickel cathodes, silicon anodes, and solid-state batteries.

David Arthur, CEO and co-founder of CHASM, stated: "This agreement is an important step towards creating a reliable, regionally sourced supply of carbon nanotubes for the rapidly growing electric vehicle battery industry.。”

Ingevity's President and CEO David Li stated that the company..."We are accelerating our electric vehicle battery materials strategy and investing in scalable carbon nanotube manufacturing to build a stronger and more resilient supply chain in North America and Europe."

According to the press release, the collaboration aims to establish a secure local supply chain for battery materials to support the electric vehicle superfactory ecosystem in North America and Europe.

In the latest news, Ingevity Corp has announced its Q3 2025 earnings report, with earnings per share (EPS) exceeding expectations at $1.52, surpassing the analyst forecast of $1.39. Despite the positive earnings performance, the company's sales declined by 4% year-over-year. This drop in sales has raised concerns among investors, leading to a decrease in stock price during after-hours trading. The earnings report emphasized that, despite challenges in revenue growth, the company still has the ability to exceed profit expectations. Analysts and investors are closely monitoring these developments to assess the company's future strategic direction.