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Electric cars in China

China's EV battery materials industry set for $11bn capacity buildup

Out-muscled Japanese rivals look to mount comeback in Western markets

Shanghai Energy New Materials Technology is part of the Semcorp group, the world's top maker of EV battery separators. (Photo courtesy of the company)

DALIAN, China/TOKYO -- China's top makers of electric vehicle battery materials will spend at least 71 billion yuan ($10.8 billion) to scale up output, in some cases tripling production capacity in products they have come to dominate.

The planned investments cover all key components of lithium ion batteries, publicly available capital expenditure plans released by 13 manufacturers show. Some companies have not disclosed timelines for investment or the volume of production expansion.

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