Idemitsu Kosan Co ( (JP:5019) ) has issued an announcement.
Idemitsu Kosan Co., Ltd. has announced plans to construct a large-scale production facility for lithium sulfide, a key material for all-solid-state batteries, at its Chiba Complex. This initiative, supported by government grants, aims to commercialize these batteries by 2027-2028, enhancing the performance and competitiveness of Japan’s storage battery industry.
More about Idemitsu Kosan Co
Idemitsu Kosan Co., Ltd. operates in the energy sector, focusing on petroleum products and advanced materials. The company is involved in the production of solid electrolytes for all-solid-state batteries, aiming to enhance the storage battery supply chain and improve Japan’s competitiveness in the industry.
YTD Price Performance: 1.95%
Average Trading Volume: 1,871
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $9.54B
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