Showa Denko (SDK) has established a wholly owned subsidiary Showa Denko Battery Materials (Shanghai) Co Ltd (SDBM) to sell battery materials, aiming to strengthen its battery materials business in China.
The market for lithium-ion batteries (LIBs) is rapidly expanding not only due to the spread of mobile electronic devices including smartphones but also due to the diffusion of on-board use of LIBs for new energy vehicles (NEVs) following the popularization of environmental awareness in global scale.
Especially in China, the national policy to promote NEVs has been boosting production and sales of electric vehicles (EVs) and plug-in hybrid electric vehicles (PHEVs) for both personal and commercial use. Under these circumstances, many LIB manufacturers are actively conducting capital investment in China.
Showa Denko (SDK) has established a wholly owned subsidiary Showa Denko Battery Materials (Shanghai) Co Ltd (SDBM) to sell battery materials, aiming to strengthen its battery materials business in China.
The market for lithium-ion batteries (LIBs) is rapidly expanding not only due to the spread of mobile electronic devices including smartphones but also due to the diffusion of on-board use of LIBs for new energy vehicles (NEVs) following the popularization of environmental awareness in global scale.
Especially in China, the national policy to promote NEVs has been boosting production and sales of electric vehicles (EVs) and plug-in hybrid electric vehicles (PHEVs) for both personal and commercial use. Under these circumstances, many LIB manufacturers are actively conducting capital investment in China.
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