Nippon Shokubai Co., Ltd. (JP:4114) has released an update.
Nippon Shokubai Co., Ltd. is enhancing its electrolyte supply capabilities for lithium-ion batteries by building a new 37.5 billion yen plant in Fukuoka Prefecture, with an expected subsidy of 12.5 billion yen from the Japanese government. The facility aims to start operations by 2028 to support Japan’s goal of a 150 GWh/year domestic battery production by 2030, aiding in the transition to electric vehicles and carbon neutrality. The company’s IONEL™ brand electrolyte is set to improve battery performance, with the new plant’s output sufficient for 210,000 electric vehicles.
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