The latest update is out from Maxell, Ltd. ( (JP:6810) ).
Maxell, Ltd. has announced the discontinuation of its prismatic lithium-ion battery production and the dissolution of its subsidiary, Wuxi Maxell Energy Co., Ltd., due to declining sales and profitability. This strategic move is part of Maxell’s portfolio reform to enhance profitability and focus on growth areas, despite the temporary impact on business performance. The company aims to strengthen its energy business by concentrating on primary batteries for automotive and medical applications and accelerating the commercialization of all-solid-state batteries.
More about Maxell, Ltd.
Maxell, Ltd. operates in the energy sector, focusing on the production of batteries and related technologies. The company is known for its lithium-ion batteries, which have been integral to mobile devices such as smartphones and portable game consoles. Maxell is now shifting its focus towards growth areas like all-solid-state batteries, particularly for industrial equipment, automotive applications, and medical devices.
YTD Price Performance: 3.58%
Average Trading Volume: 160,673
Technical Sentiment Signal: Sell
Current Market Cap: Yen83.52B
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