TOKYO -- Toyo Ink SC Holdings plans spend about 10 billion yen ($76 million) to increase production of materials used in electric-vehicle batteries in the U.S. and China, Nikkei has learned, as the company seeks improve its resilience to disruptions in supply chains for EVs.
Materials
Toyo Ink to boost EV battery material output in U.S., China
Japanese company prepares for supply chain disruptions
Toyo Ink's Chinese unit. The group aims to supply more battery materials to global leader Contemporary Amperex Technology of China. (Photo obtained by Nikkei)
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