China: Degussa backs growth market for lithium-ion batteries
Once all the approvals have been obtained from the Chinese authorities, the new company will start business operations under the name "Degussa Enax (Anqiu) Power Lion Technologies Co., Ltd.". The joint venture is headquartered in Anqiu, in the northern Chinese province of Shandong. The electrodes are to be produced at the Anqiu site and then used at the ENAX sites at Tianjing near Beijing and at Yonezawa in Japan. The medium term plans include supplying electrodes to other battery manufacturers in the Asia region.
Degussa Management Board Chairman Prof. Utz-Hellmuth Felcht comments: "The new joint venture underlines our determination to systematically expand Degussa's presence in the attractive markets of Asia. We want to generate 25 percent of Group sales in Asia over the long term."
With the SEPARION® battery separator Degussa has developed a new type of ceramic membrane that improves the performance of large-volume lithium-ion batteries and makes them safer. These are essential factors if lithium-ion batteries are to be used more extensively in modern electric and hybrid electric vehicles. The electrodes produced by the new joint venture will enable Degussa to expand its portfolio to include another important component for manufacturing safer lithium-ion batteries. At the same time Degussa is making an essential contribution to the mobile energy supply of the future.
Most read news
Organizations
Other news from the department business & finance
Get the chemical industry in your inbox
From now on, don't miss a thing: Our newsletter for the chemical industry, analytics, lab technology and process engineering brings you up to date every Tuesday and Thursday. The latest industry news, product highlights and innovations - compact and easy to understand in your inbox. Researched by us so you don't have to.