Elon Musk's battery demand boom lifts Japan supplier Tanaka
Tanaka Chemical is upping output to meet increasing need for its materials for making cathodes
Tokyo
AS Elon Musk pushes out from his California base to make electric vehicles ubiquitous, a company halfway around the world and deep in the depths of the battery supply chain is riding his wake.
Tanaka Chemical Corp, which has a long history in developing battery materials, says it's boosting output to meet surging demand for its materials for making cathodes. The Fukui, Japan-based company, which has slightly more than 180 employees, plans to invest 500 million yen (S$6.21 million) to boost output capacity by about 1,000 tonnes a year.
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