Daikin Invests in OCSiAl to Develop Lithium Ion Battery Materials for EV

Daikin has recently invested in OCSi Al, a Luxembourg startup company, by underwriting a capital increase through a third-party allocation of shares.

OCSiAl is the world’s largest manufacturer of single-wall carbon nanotubes and a unicorn company whose valuation is circa US$ 2 billion. Since 2018, Daikin Chemicals division has been collaborating with OCSiAl to develop applications in the fluorochemical business for lithium-ion battery materials as well as composite materials.