Johnson Matthey

Johnson Matthey To Put £200 Million Into Batteries In 2018

The chemicals giant Johnson Matthey will be making an initial investment of £200 million into battery materials investment in 2018, with the plan being to build up production capacity in anticipation of the rapid growth of the electric vehicle market. The company is reportedly expecting that by the time electric vehicle (EV) market penetration reaches around 10%, the potential market of its products could total more than $30 billion.