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Mitsubishi Heavy Sells Li-ion Battery Business

Mitsubishi Heavy Industries is selling its lithium-ion rechargeable battery business assets, including machinery, to Taiwan’s Delta Electronics.

MHI also says it will shift its management resources into operations in energy storage system (ESS) products employing lithium-ion rechargeable batteries.

MHI expects ESS products to record sustained market growth ahead as core devices for achieving power network stabilization in tandem with the introduction of wind power, solar power and other renewable energies, and for adjusting power supply vis-à-vis demand in order to save energy.

The company says its lithium-ion rechargeable batteries are lightweight, compact in size and high in reliability. The batteries are used in products ranging from electric buses to ESS products, including container-based systems.

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