Neogen & Morita Forge $20M Battery Powerhouse JV.

Neogen Ionics, a subsidiary of Neogen Chemicals, has partnered with Morita Investment of Japan’s Morita Chemical Industries to establish a joint venture (JV) named Neogen Morita New Materials.

The JV aims to strengthen both companies’ presence in the lithium-ion battery ecosystem by developing and manufacturing critical battery materials. Its initial focus will be on producing solid LiPF₆ salt, an essential component used in battery electrolytes. Neogen will hold an 80 percent stake in the JV, while Morita will invest USD 20 million for a 20 percent share.

Morita brings more than three decades of expertise in lithium salt production, with established facilities across China, Europe, and the U.S. Neogen, which already manufactures a range of battery materials—including electrolytes and lithium salts—plans substantial capacity expansion by FY27. As part of its long-term strategy, the JV will set up a new manufacturing facility in Gujarat to cater to both Indian and global OEMs.

News by Rahul Yelligetti.