DALIAN, China/TOKYO -- China's Semcorp, the world's leading supplier of a key component in electric vehicle batteries, is poised to start production overseas with a goal of raising its global market share to 50% by 2025.
The factory in Hungary is near completion and slated to start operations within the year, Semcorp said. The company, formally known as Yunnan Energy New Material, has invested about 340 million euros ($365 million) in the facility.
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May 29, 2023 at 04:10AM
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Battery supply chain: Semcorp set to open 1st factory beyond China - Nikkei Asia
"Factory" - Google News
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