# EU approves Umicore and HSAM joint venture for battery materials

The European Commission approved the creation of a joint venture, Extra Mile Materials, by Umicore and HS Hyosung Advanced Materials Corporation (HSAM). The JV will develop, manufacture, and sell silicon-carbon composite materials for batteries.

- Type: Partnership
- Announced: 2026-01-15
- Status: announced
- Products: silicon-carbon composite materials for batteries
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Umicore](https://endata.com/companies/19787.md) (partner)
- [HS Hyosung Advanced Materials](https://endata.com/companies/88417.md) (partner)
- [Extra Mile Materials](https://endata.com/companies/89682.md) (partner)

## Sources

- [marketscreener.com](https://www.marketscreener.com/news/the-eu-approved-the-creation-of-a-company-by-umicore-and-hsam-ce7e58d9de80f723), 2026-01-15: "The European Commission has approved, under the EU Merger Regulation, the creation of a joint venture through the acquisition of joint control of Extra Mile Materials by Umicore, both Belgian, and Korea's HS Hyosung Advanced Materials Corporation (HSAM)."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.