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Mitsubishi Chemical leads charge against China's EV battery giants

Company to boost electrolyte production by 50% to compete for surging demand

Mitsubishi Chemical will pour tens of millions of dollars into global battery electrolyte capacity, including at this British plant. (Photo courtesy of Mitsubishi Chemical)

TOKYO -- Mitsubishi Chemical will lift global production capacity of liquid used in electric vehicle batteries by about 50%, Nikkei has learned, in a move to better compete against Chinese players for a rapidly expanding market fueled by green initiatives around the world.

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