Honda and GS Yuasa to set up lithium ion JV
Honda, who has slammed lithium ion batteries in the past for not being suitable for production usage in automobiles, has signed an agreement to set up a joint venture with GS Yuasa Corporation to develop and manufacture high-performance lithium ion batteries for hybrid automobiles. I guess they want to take matters into their own hands and make a lithium ion battery that conforms to their specifications of what an automotive-grade lithium ion battery should be!
The JV company’s initial capital investment of 15 billion yen will be a 51:49 split between GS Yuasa and Honda. The JV will be based in Minami-ku, Kyoto, and a factory is planned to be built at GS Yuasa’s existing Osadano site in Kyoto. The new company’s name is yet to be determined.
The company will also manufacture batteries based on the GS Yuasa EH6, an existing lithium ion battery. This could be the battery that’ll power Honda’s first li-ion hybrid.
December 22, 2008 @ 2:32 pm
on a different note btw….toyota jus announced their full year result . a loss of 1.7billion US dollars….a big fat OUCH !
December 22, 2008 @ 2:33 pm
More batteries. Will it harm our ecogreen? Acids and chemicals all around the world. Who cares? We want save $$$
December 23, 2008 @ 10:02 am
so what does this bring?