Ube Industries, Mitsubishi Chemical to form JV for electrolyte business for Li-ion rechargeable battery


Mitsubishi Chemical will own 80%, while Ube Industries will own 20% stake in the new JV company

Japan-based Ube Industries agreed to establish a new JV company with Mitsubishi Chemical Corporation to succeed the electrolyte business for Li-ion rechargeable battery and other applications of both companies, Ube said in a press release on 27 March.

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