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Wuhai Baojie New Energy Materials

Japan-China venture ‘to build battery materials plant’

Mon, 09/09/2019 - 09:33 -- Paul Crompton

Tokyo-based JFE Chemical Corporation is reportedly joining forces with Chinese companies to establish a battery materials plant in China to supply the domestic and overseas electric vehicles market.

JFE is acquiring a 40% stake in Chinese joint venture company Wuhai Baojie New Energy Materials with China’s Baowu Carbon Materials & Technology Company holding a 51% stake, China’s state Xinhua News Agency said. The remaining stake will be taken by local firm Tianhe Carbon Corporation.

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