Honda Motor Co. and GS Yuasa Worldwide have signed a three way partnership settlement towards the institution of a brand new firm.
As introduced on January 23, 2023 with a joint press launch titled, “Honda and GS Yuasa Attain Fundamental Settlement Towards Collaboration for a Excessive-capacity, Excessive-output Lithium-ion Battery,” the 2 corporations have been discussing specifics for collaboration on high-capacity, high-output lithium-ion batteries, primarily for EVs.
To handle the quickly rising demand for batteries, the brand new three way partnership firm, which will probably be named Honda・GS Yuasa EV Battery R&D Co., Ltd., will analysis and develop lithium-ion batteries and battery manufacturing strategies that will probably be extremely aggressive at a world degree. Furthermore, the brand new firm will attempt to determine a provide chain for key uncooked supplies and a highly-efficient manufacturing system for its batteries.
The brand new firm is scheduled to be established and start operation earlier than the tip of 2023. The institution of the brand new firm and the beginning of its operation are topic to the approvals of the related authorities.
“We’re more than happy that Honda and GS Yuasa have reached a three way partnership settlement, which is able to grow to be a brand new milestone in our pursuit of the belief of carbon neutrality, which is a objective shared by the 2 corporations. The brand new firm will totally leverage the strengths of the 2 corporations and set up a robust presence within the quickly increasing battery market,” mentioned Koichi Yamamoto President of Honda・GS Yuasa EV Battery R&D Co., Ltd.
Might 15, 2023