Kureha Battery Materials partners with Kuraray, INCJ

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Kureha Battery Materials Japan Co, Kureha’s subsidiary handling materials for lithium-ion batteries, said Tuesday that Kureha Corp, ITOCHU Corp, Kuraray Co and the Innovation Network Corporation of Japan (INCJ) have concluded an agreement intended to further accelerate the growth of KBMJ.

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Under the agreement, Kuraray and the INCJ will newly acquire equity stakes in KBMJ through participation in a third-party allocation, with the four companies together investing up to 20 billion yen in KBMJ.

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The partnership aims to support KBMJ’s global expansion, with a focus on its unique, industry leading CARBOTRON P battery materials technology for LiBs, which are essential to hybrid and electric vehicles, among other technologies. The inclusion of the INCJ, which is tasked with nurturing next-generation industries through the promotion of open innovation in Japan, further highlights the nature and potential of KBMJ’s industry-leading solutions.

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