Provision of Production Technology License in India for Electrolytes used in Lithium-ion Batteries
April 14, 2023
MU Ionic Solutions Corporation (MUIS; Head office: Chiyoda-ku, Tokyo; President and CEO: Kenichiro Mawatari), a member of the Mitsubishi Chemical Group (the MCG Group), hereby announces it has signed a contract with Neogen Chemicals Limited (Neogen; Head office: Maharashtra, India) regarding the provision of production technology license in India for electrolytes used in lithium-ion batteries (LIB).
Electrolytes for LIBs that are produced by the MCG Group feature a high power output performance by suppressing side reactions in the electrode through the use of -proprietary additive technologies. Also, automotive applications are expanding given outstanding durability and high degree of safety of these electrolytes. The MCG Group has production and sales sites in four countries, and is bolstering its production capacity in line with the expansion in demand for xEVs (electric vehicles). Furthermore, the Group is moving forward with the consideration of providing licenses and outsourcing production to accelerate growth. This deal is a part of the Group’s strategy to provide licenses for the electrolyte production.
The demand for the automotive application of LIBs is rapidly increasing, mainly for EVs owing to the heightened awareness of the environment globally. In the market for automotive applications, the annual average growth is anticipated to be close to 30%. The trend to localize production and parts/key materials procurement in each region is becoming more active. India is also promoting a policy to make electric vehicles constitute 30% of total new passenger vehicle sales in 2030 by enhancing laws and regulations, and subsidy policies. The country is endeavoring to attract technical support and companies from outside the country. This time around, the MCG Group aims to respond to this demand. To this end, the Group plans to contribute to the strengthening of the supply system for LIB electrolytes in India by granting production technologies for electrolytes to Neogen, a chemical manufacturer in India with a forte in lithium-related products. Accordingly, the MCG Group will confirm on the location for the new production facilities for electrolytes, for which MUIS will grant the license, and the launch of operations after discussions with Neogen further out.
The MCG Group is positioning EVs/mobility as a focus market. The Group plans to strengthen the global supply system to respond to the brisk demand for LIB electrolytes. In addition to this, the Group aims to realize a carbon neutral society by providing products that contribute to a reduction in environmental impact.
[Overview of Neogen]
Location :Maharashtra, India
Establishment :1989
Business description :Mainly the manufacturing and sales of lithium-related products
Corporate website : https://neogenchem.com/
[Overview of MUIS]
Location :Chiyoda-ku, Tokyo
Establishment :2020
Shareholders :Mitsubishi Chemical Corporation 80%, UBE Corporation 20%
Business description :Development, manufacturing and sales of electrolytes for use in lithium-ion batteries
Corporate website : https://www.muis.co.jp/
Electrolytes for LIBs that are produced by the MCG Group feature a high power output performance by suppressing side reactions in the electrode through the use of -proprietary additive technologies. Also, automotive applications are expanding given outstanding durability and high degree of safety of these electrolytes. The MCG Group has production and sales sites in four countries, and is bolstering its production capacity in line with the expansion in demand for xEVs (electric vehicles). Furthermore, the Group is moving forward with the consideration of providing licenses and outsourcing production to accelerate growth. This deal is a part of the Group’s strategy to provide licenses for the electrolyte production.
The demand for the automotive application of LIBs is rapidly increasing, mainly for EVs owing to the heightened awareness of the environment globally. In the market for automotive applications, the annual average growth is anticipated to be close to 30%. The trend to localize production and parts/key materials procurement in each region is becoming more active. India is also promoting a policy to make electric vehicles constitute 30% of total new passenger vehicle sales in 2030 by enhancing laws and regulations, and subsidy policies. The country is endeavoring to attract technical support and companies from outside the country. This time around, the MCG Group aims to respond to this demand. To this end, the Group plans to contribute to the strengthening of the supply system for LIB electrolytes in India by granting production technologies for electrolytes to Neogen, a chemical manufacturer in India with a forte in lithium-related products. Accordingly, the MCG Group will confirm on the location for the new production facilities for electrolytes, for which MUIS will grant the license, and the launch of operations after discussions with Neogen further out.
The MCG Group is positioning EVs/mobility as a focus market. The Group plans to strengthen the global supply system to respond to the brisk demand for LIB electrolytes. In addition to this, the Group aims to realize a carbon neutral society by providing products that contribute to a reduction in environmental impact.
[Overview of Neogen]
Location :Maharashtra, India
Establishment :1989
Business description :Mainly the manufacturing and sales of lithium-related products
Corporate website : https://neogenchem.com/
[Overview of MUIS]
Location :Chiyoda-ku, Tokyo
Establishment :2020
Shareholders :Mitsubishi Chemical Corporation 80%, UBE Corporation 20%
Business description :Development, manufacturing and sales of electrolytes for use in lithium-ion batteries
Corporate website : https://www.muis.co.jp/
