Neogen Ionics and Morita Investment form a JV to manufacture lithium battery materials through Neogen Morita New Materials.

• JV focuses on LiPF6 salt production, a critical electrolyte material powering global lithium-ion batteries for EV applications.
• Neogen will hold a minimum of 80% stake, while Morita Investment Limited owns a maximum of 20% in the joint venture.
• Both companies plan investments proportionate to shareholding, leveraging technology, plants, and expertise in lithium battery materials.