ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Companies

SoftBank moves to lock up lithium, the lifeblood of electric cars

Investment in Canadian miner part of broader energy resource strategy

SoftBank Chairman and CEO Masayoshi Son has declared lithium an "extremely important part of our group strategy."   © Reuters

TOKYO -- SoftBank Group is on the hunt for natural resources, particularly the lithium needed for electric car and smartphone batteries.

Demand is expected to surge as more electric vehicles hit roads worldwide. Competition for battery materials is stiff, with Apple rushing to secure supplies of cobalt. And SoftBank considers lithium a priority, as it looks to build a stronger foundation for its other investments, like ride-hailing companies.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more