SOURCE: Industrial Info Resources

Industrial Info Resources

September 08, 2011 01:45 ET

South Korea Becomes Top Lithium-Ion Battery Producer, an Industrial Info News Alert

KOFU-SHI, JAPAN--(Marketwire - Sep 8, 2011) - Researched by Industrial Info Resources East Asia (Kofu-shi, Japan) -- Due to Japanese production slips during the second quarter this year, South Korea has become the top producer in the global lithium-ion battery market. Although Japan's industrial manufacturing sector, as well as related metals and minerals and chemical processing plants, are on the mend, price-competitive South Korea is likely to hold the top position unless new, low-cost batteries are produced by Japan. Several firms, including Toshiba Corporation (TYO:6502) (Tokyo) and Hitachi Limited (NYSE:HIT) (Tokyo), are investing in research and development to help reclaim Japan's position. Other companies, like JX Nippon Oil and Energy Corporation (TYO:5001), are planning to begin production of battery materials in order to join the lucrative market.

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