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TDK will invest $ 5 billion in the production of batteries for electric vehicles and backup energy
One of the world’s largest smartphone battery manufacturers, Japan’s TDK, is preparing a huge investment to move into the league of big lithium battery players. Over the next three years, the company will invest over 520 billion yen in business modernization, which is equivalent to $ 5.01 billion. Thus, electric transport and clean energy will become new growth points for TDK.
According to plans, in five years, every third car sold worldwide will be electric. This encourages manufacturers of electronic components and batteries to focus on these new areas. TDK is also looking to take advantage of the new trend and is preparing a huge investment from April this year.
For starters, TDK will significantly increase its production of batteries for electric scooters and scooters, the most popular means of transport in Southeast Asia. The next step will be the production of traction batteries for electric vehicles and batteries for backup power and buffer storage of electricity, including batteries for home use.
Another direction for TDK will be the release of an element base for use in energy converters (inverters), power supplies and charging blocks. But here TDK has a lot of competitors, although the company expects that the manufacturers of electric vehicles and spare parts for them are moving towards global outsourcing and it will also be able to grab its piece of the pie.