Japanese Refiner Parent Getting into EV Batteries, Recharging

摘要

JX Holdings – owner of JX Nippon Oil (refining) and JX Nippon Mining – is jumping into mass production of lithium-ion battery materials for electric vehicles (EVs), according to a January 12 Nikkei news service report. The mining division of JX "intends to spend 9.2 billion yen [US$111 million] to install equipment capable of producing 5,000 tons a year [of lithium-ion cathode materials] at an Ibaraki Prefecture plant that makes semiconductor materials," according to the report.