GREETINGS
We took the first step by integrating Mitsubishi Chemical Corporation and UBE Corporation's domestic electrolytes business for lithium-ion batteries (LIB) etc. and established our company in October 2020.
As the world faces environmental problems on a global basis, the trend toward electric vehicles is accelerating as a pathway to carbon neutrality, which the world is aiming for. Accordingly, lithium-ion battery (LIB) market used in electric vehicles is expected to expand.
Both Mitsubishi Chemical and UBE, which have a long track record in the LIB electrolyte business, are leveraging their strengths in product development, SCM, production, sales, and BCP to further strengthen competitiveness.
Our manufacturing sites include Yokkaichi Plant (in Mie Prefecture) and Sakai Plant (in Osaka) in Japan, and Changshu UM Battery Materials Co., Ltd. in China, which is a group company. In addition, we will promote the optimization of SCM, production, and sales in four regions around the world, including Mitsubishi Chemical's manufacturing sites in U.K. and U.S., and work together as a group to expand our market share mainly targeting electric vehicle market, where demand is expected to grow, as well as contributing to a carbon neutral society through our business.
We look forward to your continued support and encouragement.