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Global Dimethyl Carbonate Market to Reach USD 2.15 Bn. by 2034 as Battery Electrolyte Demand, EV Growth and High-Purity Solvent Applications Accelerate Market Expansion, says Maximize Market Research

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PUNE, India, Sept. 30, 2026 /PRNewswire/ — The Global Dimethyl Carbonate Market was valued at USD 1.18 Billion in 2025 and is projected to expand at a CAGR of 6.9% from 2026 to 2034, reaching USD 2.15 Billion by 2034, according to a new analysis by Maximize Market Research.

Global Dimethyl Carbonate Market

The Global Dimethyl Carbonate Market Report 2025 provides a detailed analysis of market trends, battery-grade DMC demand, lithium-ion battery applications, polycarbonate production, solvent consumption, raw material trends, competitive strategies, and forecasts through 2034. Dimethyl Carbonate is widely used as a green solvent, chemical intermediate, methylating agent, and electrolyte solvent. Its importance is increasing in lithium-ion batteries, where DMC is blended with other carbonate solvents to support electrolyte performance. Demand is also growing across polycarbonate synthesis, paints and coatings, pharmaceuticals, agrochemicals, electronics, and specialty chemicals. As manufacturers look for lower-toxicity and more environmentally preferable chemical solutions, DMC is becoming increasingly important across both traditional chemical applications and emerging battery value chains.

The Global Dimethyl Carbonate Market is growing as lithium-ion battery production, electric vehicle adoption, energy storage deployment, polycarbonate demand, and specialty chemical manufacturing expand worldwide. Global electric car sales exceeded 17 million units in 2024, while EV battery demand surpassed 950 GWh, increasing by more than 25% from 2023. This growth is creating stronger demand for high-purity DMC used in battery electrolyte formulations. Asia Pacific remains the leading regional market, supported by strong battery, electronics, and chemical manufacturing across China, Japan, South Korea, India, and Southeast Asia. Battery-grade DMC is gaining particular importance as manufacturers seek high-purity carbonate solvents for advanced lithium-ion batteries and energy storage systems.

Innovation in the Dimethyl Carbonate Market is increasingly being shaped by battery-grade production, high-purity solvent technology, supply-chain localization, and new capacity investments. Leading companies are expanding production facilities and developing DMC for electric vehicle batteries, energy storage, and electronics applications. UBE Corporation is developing a major DMC and EMC facility in Louisiana with planned annual capacity of 100,000 tonnes of DMC and 40,000 tonnes of EMC. Haike Xinyuan has also strengthened its battery-solvent supply through cooperation with BYD Lithium Battery, while Balaji Amines continues to expand its battery-chemical portfolio and electronic-grade DMC capabilities. Growing investment in battery manufacturing, electrolyte production, and localized chemical supply chains is expected to create new opportunities through 2034.

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The Global Dimethyl Carbonate Market is entering a stronger growth phase as battery electrolytes, electric vehicles, energy storage, and sustainable chemical applications increase demand for high-purity DMC. Battery manufacturers are placing greater emphasis on reliable electrolyte solvents, while chemical producers are expanding capacity to support growing regional supply chains. At the same time, DMC continues to gain importance in polycarbonates, electronics, coatings, and specialty chemicals. Maximize Market Research highlights the key trends shaping the market through 2034.

Global Dimethyl Carbonate Market Size & Forecast

Parameter

Value

Market Size (Base Year 2025)

USD 1.18 Billion

Forecast Market Size (2034)

USD 2.15 Billion

CAGR (2026–2034)

6.9 %

Base Year

2025

Forecast Period

2026–2034

Historical Period

2020–2025

Global Dimethyl Carbonate Market Trends & Insights

Battery-grade Dimethyl Carbonate is becoming increasingly important as lithium-ion battery manufacturers require high-purity electrolyte solvents for electric vehicles, consumer electronics, and energy storage systems. DMC is widely blended with other carbonate solvents in electrolyte formulations, and the battery electrolyte application is projected to grow at an 8.32% CAGR through 2031, highlighting the rising importance of battery-grade material.Electric vehicle growth is strengthening demand for high-purity DMC across the battery value chain. Global electric car sales exceeded 17 million units in 2024, while EV battery demand surpassed 950 GWh, increasing by more than 25% from 2023. This expanding battery ecosystem is supporting greater use of DMC in electrolyte formulations for EV batteries and other advanced rechargeable battery systems.Regional battery supply-chain localization is becoming a major market trend. UBE Corporation is developing a large DMC and EMC manufacturing facility in Louisiana with planned annual production capacity of 100,000 tonnes of DMC and 40,000 tonnes of EMC. The project reflects growing efforts to strengthen domestic battery-material supply and reduce dependence on imported electrolyte solvents.High-purity production and quality control are becoming more critical as battery manufacturers tighten technical requirements. Battery-grade DMC generally requires purity levels above 99.9%, making moisture control, impurity management, purification technology, and consistent batch quality increasingly important. Suppliers that can maintain stringent quality standards are better positioned to serve advanced lithium-ion battery applications.Asia Pacific remains the leading region in the Global Dimethyl Carbonate Market, supported by its strong chemical manufacturing base, lithium-ion battery production, electronics industry, and polycarbonate demand. China is the major contributor, while Japan and South Korea remain important markets for advanced battery and electronics applications. India and Southeast Asia are also expanding chemical and battery manufacturing capacity, supporting additional DMC demand.

Global Dimethyl Carbonate Market Dynamics

Rising Battery-Grade DMC Demand Drives Market Growth
The rapid growth of lithium-ion batteries, electric vehicles, consumer electronics, and energy storage systems is a major driver of the Global Dimethyl Carbonate Market. DMC is increasingly used as a high-purity electrolyte solvent in lithium-ion battery formulations. The battery electrolyte application is projected to grow at an 8.32% CAGR through 2031, supporting stronger demand for battery-grade DMC across expanding EV and battery manufacturing supply chains.

Feedstock Price Volatility Restrains Market Growth
The Dimethyl Carbonate Market remains exposed to fluctuations in the prices of methanol, carbon dioxide, and other feedstocks. Energy consumption, production technology, and purification requirements can further influence manufacturing costs. This is especially important for battery-grade DMC, where high purity, low moisture, and strict metal-ion specifications require additional processing and quality control, putting pressure on producer margins.

Battery Supply-Chain Expansion Creates New Opportunities
Growing investment in battery gigafactories, electrolyte production, and localized battery-material supply chains is creating new opportunities for DMC producers. UBE Corporation’s planned Louisiana facility is designed to produce 100,000 tonnes of DMC and 40,000 tonnes of EMC annually, supporting the regional battery ecosystem. Expanding demand for high-purity carbonate solvents is encouraging closer partnerships between DMC suppliers and battery manufacturers.

High-Purity Requirements Create Market Challenges
Battery manufacturers require DMC with very strict quality standards, creating challenges around purification, moisture control, contamination prevention, and batch consistency. Even small amounts of impurities can affect electrolyte performance and battery reliability. As advanced lithium-ion batteries increasingly use battery-grade DMC with purity above 99.9%, producers must invest in more precise manufacturing and quality-control systems while keeping costs competitive.

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Global Dimethyl Carbonate Market Segmentation

The Global Dimethyl Carbonate Market is segmented by Grade, Application, End User, and Region. Rising demand for battery-grade DMC, lithium-ion battery electrolytes, polycarbonate synthesis, specialty solvents, pharmaceuticals, electronics, and lower-toxicity chemical solutions is supporting market development across these segments.

Segmentation

Sub-Segments

By Grade

Battery Grade (>99.9% by weight); Industrial Grade (>99.0% by weight); Pharmaceutical Grade (>99.5% by weight)

By Application

Polycarbonate Synthesis; Battery Electrolyte; Solvents; Reagents; Others

By End User

Automotive; Electronics; Pharmaceutical; Paints and Coatings; Chemical; Others

By Region

North America; Europe; Asia Pacific; Middle East & Africa; South America

Asia Pacific Leads the Global Dimethyl Carbonate Market as Battery Manufacturing, Chemical Production, and Electronics Demand Support Regional Growth

Asia Pacific is the leading region in the Global Dimethyl Carbonate Market, supported by strong lithium-ion battery manufacturing, electronics production, chemical processing, and polycarbonate demand across China, Japan, South Korea, India, and Southeast Asia. China remains the major contributor because of its large battery-cell, electrolyte, and chemical manufacturing base. Japan and South Korea continue to support demand through advanced battery and electronics applications, while India and Southeast Asian countries are expanding chemical and battery production capacity. Recent market estimates place Asia Pacific at around 57.5% of global DMC revenue in 2025, although reported shares vary across market studies.

North America is becoming increasingly important in the Dimethyl Carbonate Market as electric vehicle production, energy storage systems, and domestic battery manufacturing expand. The region is also seeing stronger investment in localized battery-material supply chains to reduce dependence on imported electrolyte solvents. UBE Corporation’s Louisiana facility is designed to produce 100,000 tonnes of DMC and 40,000 tonnes of EMC annually, supporting the growing U.S. battery and electrolyte ecosystem.

Europe remains an established market for Dimethyl Carbonate, supported by automotive manufacturing, battery investments, electronics, polycarbonate production, and demand for lower-impact chemical alternatives. The region’s shift toward electric mobility is increasing the importance of battery-grade DMC, while traditional uses in solvent applications and chemical processing continue to support demand. Growing interest in sustainable chemicals is also encouraging wider use of DMC as a lower-toxicity alternative in selected industrial applications.

South America represents a developing Dimethyl Carbonate Market, with demand linked mainly to chemical processing, paints and coatings, plastics, and other industrial applications. Brazil remains an important industrial base in the region, while increasing electrification and interest in battery supply chains could gradually strengthen demand for battery-grade DMC. Future growth will depend on industrial investment, local manufacturing capacity, and expansion of downstream battery and chemical applications.

The Middle East & Africa Dimethyl Carbonate Market is at an earlier stage of development but is supported by petrochemical activity, chemical processing, coatings, and broader industrial investment. Expanding downstream chemical production and infrastructure development are creating opportunities for DMC as a solvent and chemical intermediate. Demand may also increase as regional manufacturers look for more efficient and environmentally preferable chemical solutions.

Leading Companies Strengthen the Global Dimethyl Carbonate Market

UBE Corporation, Mitsubishi Chemical Corporation, LOTTE Chemical Corporation, Merck KGaA, Shinghwa Advanced Material Group Co., Ltd., Guangzhou Tinci Materials Technology Co., Ltd., Shandong Haike Chemical Group Co., Ltd., Asahi Kasei Corporation, Mitsui Chemicals, Inc., BASF SE, Huntsman Corporation, and other major players are strengthening their position in the Global Dimethyl Carbonate Market through capacity expansion, battery-grade product development, high-purity solvent production, and supply-chain localization. Companies are investing in DMC for battery electrolytes, polycarbonate synthesis, electronics, coatings, and specialty chemical applications as demand rises for high-purity and lower-toxicity chemical solutions.

Global Dimethyl Carbonate Market Competitive Landscape

The Global Dimethyl Carbonate Market is shaped by product purity, production cost, feedstock access, manufacturing scale, technical quality, regional supply strength, and the ability to serve battery, chemical, electronics, and plastics customers. Competition is increasingly moving toward battery-grade DMC, where purity above 99.9%, low moisture content, contamination control, and consistent quality are becoming critical. Recent developments from UBE Corporation, Haike Xinyuan, BYD Lithium Battery, and Balaji Amines show how strongly the market is shifting toward battery-electrolyte applications and localized supply chains. Companies that can combine high-purity production, reliable supply, competitive pricing, advanced purification, and regional manufacturing are strengthening their position in the global market.

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Dimethyl Carbonate Market – Key Players

UBE CorporationMitsubishi Chemical CorporationLOTTE Chemical CorporationMerck KGaAKowa American CorporationKishida Chemical Co., Ltd.Shandong Shida Shenghua Chemical Group Co., Ltd.Guangzhou Tinci Materials Technology Co., Ltd.Shandong Haike Chemical Group Co., Ltd.Arrow Chemical Group CorporationPanax EtecHenan GP Chemicals Co., Ltd.Wego Chemical GroupAceto CorporationAlfa Aesar (Thermo Fisher Scientific)Connect ChemicalsSilver Fern ChemicalsHefei TNJ Chemical Industry Co., Ltd.Kingdun Chemical Co., Ltd.Tokyo Chemical Industry Co., Ltd.Qingdao Aspirit Chemical Co., Ltd.Asahi Kasei CorporationSABICKuraray Co., Ltd.Mitsui Chemicals, Inc.BASF SEHuntsman CorporationShinghwa Advanced Material Group Co., Ltd.Dongying Hi-Tech Spring Chemical Industry Co., Ltd.Shandong Depu Chemical Industry Science & Technology Co., Ltd.Shandong Wells Chemicals Co., Ltd.Tongling Jintai Chemical Co., Ltd.Shandong Feiyang Chemical Co., Ltd.Tangshan Chaoyang Chemical Co., Ltd.Shandong Hualu Hengsheng Group Co., Ltd.Eastern Hope GroupYulin Yunhua Green Energy Co., Ltd.Shanxi Zhongke Huian Chemical Co., Ltd.Liaoning Oxiranchem, Inc.Jiangsu Sailboat Petrochemical Co., Ltd.

Access Full Summary: https://www.maximizemarketresearch.com/market-report/global-dimethyl-carbonate-market/114977/ 

Frequently Asked Questions:

1. Which region has the largest Global Dimethyl Carbonate Market share?
Ans: The Asia Pacific region held the highest share in 2025.

2. What was the Global Dimethyl Carbonate Market size in 2025?
Ans: The Global Dimethyl Carbonate Market size was USD 1.18 Billion in 2025.

3. What is the scope of the Global Dimethyl Carbonate market report?
Ans: The Global Dimethyl Carbonate Market report helps with the PESTEL, PORTER, and COVID-19 Impact analysis, Recommendations for Investors and leaders, and market estimation for the forecast period.

4. Who are the key players in the Global Dimethyl Carbonate market?
Ans: The key players in the Global Dimethyl Carbonate Market are Ube Industries Limited, Merck KGaA, Kowa American Corporation, Kishida Chemical Co. Limited, Shandong Shida Shenghua Chemical Group Co. Limited and Others.

5. What is the study period of this market?
Ans: The Global Dimethyl Carbonate Market is studied from 2025 to 2034.

Analyst Perspective
Analysts see the Global Dimethyl Carbonate Market entering a steady growth phase, supported by rising lithium-ion battery production, electric vehicle adoption, polycarbonate demand, and wider use of environmentally preferable solvents. Battery-grade DMC is becoming increasingly important as manufacturers require high-purity electrolyte solvents for EVs, electronics, and energy storage systems. At the same time, feedstock price volatility, strict purity requirements, and production costs remain key challenges. Through 2034, opportunities are expected from battery-grade DMC, localized supply chains, new production capacity, advanced purification technologies, and growing demand across battery electrolytes, electronics, coatings, and specialty chemical applications.

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About Maximize Market Research – Global Dimethyl Carbonate Market
Maximize Market Research is a global market research and business consulting firm providing data-driven insights across the Chemical & Material, battery materials, specialty chemicals, solvents, electric vehicles, energy storage, electronics, plastics, and related sectors. Its Global Dimethyl Carbonate Market research covers battery-grade, industrial-grade, and pharmaceutical-grade DMC, battery electrolytes, polycarbonate synthesis, solvents, reagents, automotive, electronics, pharmaceuticals, paints and coatings, chemical applications, high-purity production, raw material trends, regional demand, capacity expansion, competitive strategies, and emerging battery-material supply chains, helping businesses understand market changes and identify new growth opportunities through 2034.

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MMR Statistics is a part of Maximize Market Research, developed to provide quick access to market size, industry data, forecasts, trends, and statistical insights across a wide range of sectors. It presents research data in multiple formats, making it easier for businesses, analysts, and decision-makers to use market intelligence for presentations, strategy, benchmarking, and business planning.

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Lumawant Godage
MAXIMIZE MARKET RESEARCH PVT. LTD.
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VERIZON FIOS CUSTOMERS MAY LOSE STARZ

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SANTA MONICA, Calif., Sept. 30, 2026 /PRNewswire/ — STARZ issued the following statement regarding the status of its negotiations with Verizon and the potential loss of all STARZ channels, STARZ On Demand and the STARZ app through Verizon Fios.

“STARZ has been negotiating in good faith with Verizon on a distribution agreement that would ensure our shared customers continue to have uninterrupted access to STARZ’s premium programming,” said Alison Hoffman, President of STARZ Networks. “As an independent programmer dedicated to women and underrepresented audiences, STARZ is vital to a competitive media marketplace, providing diverse programming alternatives to content from larger conglomerates. Limiting access to STARZ would reduce competition and consumer choice. Unless an agreement is reached imminently, our viewers should be prepared for Verizon to remove STARZ.”

If this happens, it would impact Verizon Fios’ customers’ ability to watch STARZ’s programming, including the full “Power” Universe and the upcoming “Power: Origins,” every episode of the timeless romantic drama “Outlander” and its critically acclaimed prequel, “Outlander: Blood of my Blood,” the upcoming season of the award-winning “P-Valley,” the current season of the crime drama “S.W.A.T. Exiles,” and the upcoming premiere of critically acclaimed drama, “Tip Toe,” which are available exclusively on STARZ. Fans would also lose access to STARZ’s extensive film library, including the global phenomenon Michael.

About STARZ
STARZ (NASDAQ: STRZ) is the leading premium entertainment destination for women and underrepresented audiences, and home to some of the most popular franchises and series on television. STARZ offers a robust programming mix for discerning adult audiences, including boundary-breaking originals and an expansive lineup of blockbuster movies, and is embodied by its brand positioning “We’re All Adults Here.” Complementary to any platform or service, STARZ is available across a wide range of digital OTT platforms and multichannel video distributors and is a bundling partner of choice. STARZ is powered by an industry-leading advanced technology, data analytics and digital infrastructure and the highly rated and first-of-its-kind STARZ app.

# # #

Press Inquiries – Contact:
Jennifer Minezaki
jennifer.minezaki@starz.com 

Erin Moody
erin.moody@starz.com

Stephanie Lambert
stephanie.lambert@starz.com

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SOURCE Starz Entertainment LLC

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Vyrao is acquired by a newly established Healthcare & Beauty Platform, Tresalis, Naming Yasmin Sewell Chief Brand Officer

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The new owner-operator platform, anchored by ATHOS and Dr. Fernando Tamez, becomes majority shareholder and operating partner; founder Yasmin Sewell continues to lead as Chief Brand Officer and shareholder.

LONDON, Sept. 30, 2026 /PRNewswire/ — A new owner-operator platform, Tresalis, built to acquire and grow science-and efficacy-led consumer health, beauty and wellness brands, today announced the acquisition of Vyrao, the London-founded wellbeing fragrance house. The transaction brings Vyrao under the majority ownership and operating partnership of the new platform. Yasmin Sewell and existing investors will retain minority equity interests in the business.

The new platform is acquiring and building differentiated brands, combining long-term capital with hands-on operating capabilities across brand growth, commercialization, international expansion and shared infrastructure. Focused on science-led brands, the platform brings together an experienced founding team, anchored by ATHOS, a Munich-based family office, and Dr. Fernando Tamez, a serial entrepreneur in health and beauty. Vyrao is its first acquisition and will retain its distinct brand identity and leadership while benefiting from the group’s clinical expertise, operating resources and global network.

Yasmin Sewell, who founded Vyrao in 2021, will continue to lead the brand’s creative and strategic direction as Founder, Chief Brand Officer and shareholder.

Existing investors including but not limited to Elevate Beauty and Manzanita Capital remain equity partners in Vyrao following the transaction. Victoria Kisseleva and Alex Lewis from FRP Corporate Finance advised on the transaction.

“I created Vyrao with the sole purpose of elevating our mood and energy – the brand was always about our well-being with fragrance as the first medium. To be on this new journey now with such brilliant partners, and to be the first on a new platform that’s in complete synergy with the vision and intention of Vyrao is so exciting. It also feels very kismet.” — Yasmin Sewell, Founder, Chief Brand Officer and Shareholder, Vyrao

“We are incredibly excited about the acquisition of Vyrao, a rare brand that sits at the intersection of luxury fragrance, emotional wellbeing, and credible science with a truly distinctive identity and enormous potential to scale globally. The acquisition marks our first investment from Tresalis, the broader platform we have created in partnership with ATHOS, focused on identifying exceptional brands with strong authenticity, differentiated intellectual property and significant international potential.” — Dr. Fernando Tamez

“Vyrao has always stood apart as a pioneer in the beauty category. This partnership is exactly the right next step for the brand to further expand and achieve its full potential. We see tremendous opportunity ahead and are confident in the platform ATHOS and Dr. Tamez are building. Combined with Yasmin’s creative leadership and Vyrao’s distinctive identity, it is a powerful foundation for growth. Elevate Beauty is genuinely excited to remain part of the journey in the brand’s next chapter.”— Cori Aleardi, Founding Partner, Elevate Beauty

About Vyrao

Built on the belief that energy is everything, Vyrao is the pioneer of a new genre of fragrance – reimagining scent as a catalyst for wellbeing by blending master perfumery with the principles of neuroscience. The name derives from the Latin verb “vireo”, meaning “I am verdant, I am vigorous, I sprout fresh green growth” – underscoring the brand’s energy-amplifying purpose.

Vyrao was founded by Yasmin Sewell, renowned fashion and creative director behind luxury retailers Browns and Liberty, and a certified expert in reiki, with extensive training in Ayurveda, flower essences, and other holistic practices. Sewell set out to build a brand around the belief that joy and wellness are the new luxury, bringing a revolutionary, multi-dimensional approach to mood-boosting fragrance.

Each neuroscent is developed using clean ingredients and informed by neuroscience research into their emotional benefits, in partnership with International Flavors & Fragrances’ Science of Wellness program. Since launching The Sixth, Vyrao has gone on to release Sun Rae, Mamajuju, Ludeaux, Ludatrix and, most recently, Ever 11, each built around ingredients selected for their mood effects. As part of its continued evolution, in 2025, Vyrao worked with IFF’s Science of Wellness program to reformulate four of its original fragrances – Witchy Woo, Free 00,Georgette, and I am Verdant – ensuring that all ingredients are not only vegan and cruelty-free but also non-toxic and phthalate-free.

The range has since expanded beyond fragrance into candles, incense, and cream scents. In 2026, Vyrao entered body care with its multi-award-winning cream scents for hands and neck – a new, multifunctional fragrance format.

“I founded Vyrao with the intention of sparking joy and boosting emotional wellbeing through the senses: scent, colour, light, and image,” said Sewell.

In the five years since launch, Vyrao has grown into a global presence, now stocked by leading retailers including Liberty London, Harvey Nichols, Space NK, Mecca, Skins, Revolve, FWRD, Goop, The Webster and Violet Grey.

Along the way, the brand has been recognised by leading titles including Vogue, Allure, BoF, Forbes, The New York Times, HTSI and ELLE, and has received more than 15 industry awards, including Fragrance Foundation UK, InStyle, Marie Claire UK & US, GQ Grooming, Harper’s Bazaar Fragrance & Skincare Awards, and Condé Nast Traveller.

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SOURCE Vyrao

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LG Energy Solution Partners With indiGOtech to Explore 46-Series Cylindrical Battery Supply for U.S. Commercial Electric Vans

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SEOUL, South Korea, Sept. 30, 2026 /PRNewswire/ — LG Energy Solution today announced that it has signed a non-binding memorandum of understanding (MoU) with U.S.-based commercial electric vehicle (EV) startup indiGOtech to explore battery supply and technological collaboration.

indiGOtech is headquartered in Woburn, Massachusetts, and specializes in electrifying commercial van platforms for the North American market. The company is developing an ecosystem that integrates vehicles, charging infrastructure, and digital services. 

Under the MoU, the partners will work toward a final agreement for LG Energy Solution to supply 46-series NCM cylindrical battery cells from 2027 to 2030 for indiGOtech’s upcoming Flow Ride and Flow Cargo EVs.

The partners will support joint business development through vehicle-battery integration and performance verification efforts. To maximize vehicle performance, both companies intend to review opportunities to extend driving range and reduce charging times.

“Urban ride hail and delivery must electrify and automate at scale, but today’s electric vehicles are not designed for purpose, and are severely limited by the local charging infrastructure – that’s why vast majority of rides and deliveries are still driven by gas vehicles.” said Will Graylin, Chairman and CEO of indiGOtech. “Working toward a long-term relationship with LG Energy Solution brings together advanced battery technology for durable economic advantage for vehicles, drivers and fleet operators.”

“Based on LG Energy Solution’s 46-series NCM cylindrical battery technology that boasts high energy density and rapid charging capabilities, we will closely collaborate with indiGOtech, which is successfully building the Transportation-as-a-Service (TaaS) ecosystem in the U.S.,” said Sunghwan Oh, Mobility & IT Battery Marketing Group Leader of LG Energy Solution. “Leveraging this partnership, we plan to enter the diverse commercial vehicle market in the U.S., including logistics, last-mile delivery, and ride-hailing.”

LG Energy Solution is also strengthening its competitiveness by securing additional customers for its 46-series cylindrical batteries. The company reported that cylindrical battery shipments increased by 1.5 times year on year as of Q2, supported by stable mass production and expanded deliveries of its 46-series batteries.

About LG Energy Solution

LG Energy Solution (KRX: 373220) is a leading global manufacturer of lithium-ion batteries for electric vehicles, mobility, IT, and energy storage systems. With more than 30 years of experience in revolutionary battery technology and extensive research and development (R&D), the company is the top battery-related patent holder in the world with over 100,000 patents. Its robust global network, which spans North America, Europe, and Asia, includes battery manufacturing facilities established through joint ventures with major automakers. Committed to building sustainable battery ecosystem, LG Energy Solution aims to achieve carbon neutrality across its value chain by 2050, while embodying the value of shared growth and promoting diverse and inclusive corporate culture. To learn more about LG Energy Solution’s ideas and innovations, visit https://news.lgensol.com.

About indiGOtech

indiGOtech is building the intelligent mobility platform for the next era of sustainable local transport and commerce. Headquartered in Woburn, Massachusetts, the company develops an integrated ecosystem that combines smart electric vehicles, charging infrastructure, and mobility services—engineered to reduce cost per mile and maximize fleet performance. Through its connected platform, indiGOtech aims to accelerate the electrification of commercial fleets across logistics, last-mile delivery, and ride-hailing segments in North America.

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SOURCE LG Energy Solution

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