Honda And GS Yuasa Agree On Battery Joint Venture via insideevs.com
Honda and GS Yuasa have signed a joint venture agreement toward the establishment of a new company, which will work on high-capacity, high-output lithium-ion batteries, mainly for electric vehicles.and are ready to establish the"Honda・GS Yuasa EV Battery R&D Co., Ltd." joint venture later this year.
"will strive to establish a supply chain for key raw materials and a highly-efficient production system for its batteries.". The company was already engaged in EV batteries . might put GS Yuasa among the largest all-electric car battery manufacturers later this decade. “We are very pleased that Honda and GS Yuasa have reached a joint venture agreement, which will become a new milestone in our pursuit of the realization of carbon neutrality, which is a goal shared by the two companies. The new company will fully leverage the strengths of the two companies and establish a strong presence in the rapidly expanding battery market.”
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