1. Home
  2. Press release
Oct 27, 2022 11:23 JST

Source: Mitsubishi Corporation

Mitsubishi Corporation and FEV Consulting Establish New Joint Venture for Materials Industry

TOKYO, Oct 27, 2022 - (JCN Newswire) - Mitsubishi Corporation (MC) is pleased to announce its establishment on October 27, 2022 of a new joint venture company, Beyond Materials Corporation (Beyond Materials), a specialized strategy and engineering service provider that will support materials suppliers on their path to global and sustainable growth. Our partner on this joint venture is FEV Consulting GmbH (FEV).

The requirements on future product designs are becoming more sophisticated and diverse due to decarbonization and other societal demands. This has heightened interest in the functions and solutions that materials can provide, and necessitated even stronger relationships between suppliers and users of those materials, the automotive sector being a case in point. For over three years, MC and FEV have been conducting joint preliminary work to develop services targeting these industries, and our collaboration has confirmed that we share a similar dedication to addressing challenges faced by modern societies and helping them to be more sustainable.

FEV is the consulting arm of FEV Group, a German engineering services provider with a global workforce of more than 7,000 employees. FEV provides unique advice to its customers by combining long experience in top management consulting with end-to-end technical expertise, including battery systems, car bodies and more, of the FEV Group GmbH.

Beyond Materials will provide the materials industries with tailor-made solutions. Its services will extend from market research, strategy development and implementation support, to product development and demonstrations. This will be achieved by combining MC's global network and broad experience in the materials industries with FEV's intelligence on broad applications and customer requirements, engineering and product know-how, and also taking advantage of digital technologies.

MC expects this new joint venture to build a bridge between those who use functional materials and those who make them, whether that be in chemicals, metals, or ceramics and other composites. We look forward to Beyond Materials contributing to sustainable growth in global materials markets and helping us to achieve our mission to build net-zero, circular economies.

For more information, visit www.mitsubishicorp.com/jp/en/pr/archive/2022/html/0000050161.html.

Source: Mitsubishi Corporation
Sectors: EVs, Transportation

Copyright ©2024 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.

Related Press Release

MC and Denka Sign J/V Agreement in Fullerene Business
April 24 2024 16:02 JST
 
Mitsubishi Corporation Announces Participation in a DAC Project in Louisiana, USA
April 16 2024 13:36 JST
 
Mitsubishi Corporation Announces Completion of Capital Raise by Nexamp
April 11 2024 12:07 JST
 
Mitsubishi Corporation: Sale of BMA Coal Assets in Queensland Completed
April 03 2024 18:05 JST
 
Fujitsu signs MoU with Mitsubishi UFJ Financial Group, Inc. to drive nature positive actions
April 01 2024 15:17 JST
 
Mitsubishi Corporation and 7 large international companies join forces to sponsor the creation of a global e-NG coalition
March 19 2024 15:40 JST
 
Nissan and Mitsubishi Corporation agree to explore new business in next-generation-mobility and energy-related services utilizing EVs
March 18 2024 16:29 JST
 
Mitsubishi Corp to invest in TIER IV: Transforming regional mobility with autonomous driving
March 15 2024 11:36 JST
 
Mitsubishi Corporation: Participation in PAK Lithium Project in Canada
March 05 2024 15:57 JST
 
Mitsubishi Corporation Expands its Data Center Presence with Entry into US
March 04 2024 14:27 JST
 
More Press release >>

Latest Press Release


JCB enables JCB Contactless acceptance at Taichung MRT in Taiwan
Apr 26, 2024 10:00 JST

Mazda Production and Sales Results for March 2024 and for April 2023 through March 2024
Apr 25, 2024 18:21 JST

MHI Begins Operation of SOEC Test Module the Next-Generation High-Efficiency Hydrogen Production Technology at Takasago Hydrogen Park
Apr 25, 2024 17:45 JST

GAC Honda to Begin Sales of All-new e:NP2, the Second Model of e:N Series
Apr 25, 2024 16:50 JST

Toyota Exhibiting at Beijing Motor Show 2024
Apr 25, 2024 16:25 JST

Honda Reaches Basic Agreement with Asahi Kasei on Collaboration for Production of Battery Separators for Automotive Batteries in Canada
Apr 25, 2024 11:10 JST

UNIQLO Sponsors KAWS + Warhol Exhibition Tour, Starting in Pittsburgh
Apr 25, 2024 09:00 JST

Mitsubishi Power Begins Commercial Operation of Seventh M701JAC Gas Turbine in Thailand GTCC Project; Achieves 75,000 AOH To-Date
Apr 24, 2024 17:19 JST

MC and Denka Sign J/V Agreement in Fullerene Business
Apr 24, 2024 17:02 JST

Mitsubishi Motors Posts Record Sales in the Philippines in FY2023
Apr 24, 2024 13:56 JST

NEC Develops High-speed Generative AI Large Language Models (LLM) with World-class Performance
Apr 24, 2024 13:25 JST

Fujitsu SX Survey reveals key success factors for sustainability
Apr 23, 2024 10:25 JST

Fujitsu and METRON collaborate to drive ESG success: slashing energy costs, boosting productivity with new manufacturing industry solutions
Apr 22, 2024 16:09 JST

NEC Strengthens Commitment to Space Industry with Investment in Seraphim Space Venture Fund II
Apr 22, 2024 15:09 JST

Soft Space Launches the First and Only JCB Payment Gateway in Malaysia
Apr 22, 2024 15:00 JST

TOYOTA GAZOO Racing takes a one-two in Croatian thriller
Apr 22, 2024 10:47 JST

First-ever Mazda CX-80 Crossover SUV Unveiled in Europe
Apr 19, 2024 13:50 JST

Fujitsu develops technology to convert corporate digital identity credentials, enabling participation of non-European companies in European data spaces
Apr 19, 2024 10:17 JST

Mitsubishi Heavy Industries and NGK to Jointly Develop Hydrogen Purification System from Ammonia Cracking Gas
Apr 18, 2024 17:01 JST

Toyota Launches All-New Land Cruiser "250" Series in Japan
Apr 18, 2024 13:39 JST
 More Latest Release >>