TOKYO -- Toray Industries will build a factory producing separators for electric-vehicle batteries in Hungary, the first of its kind in Europe, looking to serve an expanding supply chain in a region where increasing regulations are expected to accelerate demand for environmentally friendly cars.
The Japanese manufacturer plans to invest 200 million euros ($225 million) in the factory, to be located near an existing carbon-fiber plant outside Budapest. The facility, scheduled to go online in July 2021, will boost Toray's separator production capacity by 20%, supplementing plants in Japan and South Korea.
