Toray is expected to join hands with LG Chem to target LG Energy Solutions, which is rapidly growing in the electric vehicle battery market. That Europe is mentioned as the site of first joint venture is because LG Energy Solutions, a subsidiary of LG Chem, has an electric vehicle battery production plant in Poland as its European base. The CEO of a separator company, who requested anonymity, said, "Joint ventures and alliances according to interests is spreading in the separator industry as Japan and China are joining hands, with the expansion of the EV market. It is also interpreted that LG Chem has strategically partnered with Toray to expand the wet separator business in accordance with market changes." This is the first time to be knownthat LG Chem and Toray are cooperating. Regarding the establishment of joint separator plant, an LG Chem official said, "We are seeking various ways to strengthen business competitiveness, but nothing has been set yet."