Internationalization | Japan’s Most Influential Economic Newspaper Nihon Keizai Shimbun Reported on SEMCORP’s Strategies

*The Picture Is One of Japan’s Six National Comprehensive Newspapers 

And the Most Influential Economic Newspaper—Nihon Keizai Shimbun

Recently, Japan’s largest financial media—Nihon Keizai Shimbun(NIKKEI)—heavily reported on the global EV materials industry and prominently featured SEMCORP’s strategies as the headline of the “Asian Economy Section”.

*The Picture is a Web Report of NIKKEI

The report says:

Li Xiaoming, chairman of the world’s largest separator manufacturer—SEMCORP, noted at the mid-April investor briefing that he hopes to expand the company’s global share from 31% in 2021 to 50% by 2025. This company just announced a new round of investment worth 20 billion yuan.

SEMCORP will establish new factories in Yunnan Province, Jiangsu Province, Hubei Province, Chongqi City, etc., within China; on the international front, the company will put part of its Hungary factory into operation in 2022 and is currently mulling new factories in North America. The annual capacity reached 5 billion square meters by the end of 2021.

SEMCORP has an expansive clientele which includes the battery giant Contemporary Amperex Technology Co., Limited (CATL) of China, BYD, Panasonic and Samsung Group and LG Group of Korea.

This company’s operating revenue for fiscal year 2021(by Dec., 2021) totaled 7.982 billion yuan, making a historic high by leaping 86.37% year-on-year. Li Xiaoming noted with great zeal that the company will make every attempt to elevate the share of sales volume to foreign enterprises, which was below 30% last year, to 40% by 2025.

According to a former report by 21st Century Business Herald, a research by Sinolink Securities indicated that whether the industry has supply exceeding or falling short of demand, SEMCORP will have long-term producer surplus for its marked advantage in low cost and also have larger capital for R&D and capacity expansion. Meanwhile, Upgrade and scaling of core technologies will continue to lower the company’s cost and improve its competitiveness.