TDK

　TDK intends to expand its lithium battery (LiB) business. The growth potential of the Indian market is second only to China, and the company has decided to acquire a 99.9% stake in Navitasys India (Barwal), which produces and sells lithium-ion battery packs in India for 6.3 billion yen in November. (President Qi Tengsheng said) "We have been using China since a few years ago+ α By acquiring shares in Navitasys, the development of battery pack business in India will become more reasonable and efficient in the future. From April to September 2022, TDK's energy application product business mainly focused on lithium batteries achieved significant expansion, with sales increasing by 38.5% year-on-year to 602.4 billion yen and sales profit increasing by 40.1% year-on-year to 80.9 billion yen.