According to reports, TDK plans to invest more than US$5.01 billion in the next three years starting in April 2021 to increase the output of batteries and other clean energy products.
TDK President Shigenao Ishiguro said in an interview that as the world shifts from fossil fuels to clean energy, TDK will also shift from lithium-ion smartphone battery business to electric vehicle battery business.
TDK is currently one of the world's largest smartphone battery manufacturers, but the saturation of the mobile phone market has prompted it to shift its business focus to high-capacity batteries. It is reported that TDK will increase the production of batteries for electric motorcycles and scooters, which are very popular in China and Southeast Asia. At the same time, it will also foster the demand for charging components from electric vehicle manufacturers.