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.
Materials
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)
Read Next
Latest on Materials
