GS Yuasa and Honda have announced the name of their new JV company – Blue Energy Co Ltd. It will be established on the 1st of April 2009 and will focus on the manufacturing, sales and R&D activities for high-performance lithium-ion batteries aimed at hybrid vehicle usage.
Blue Energy will be based in Minami-ku, Kyoto and will have 3 billion yen of capital, with a possible increase of capital and capital surplus to 15 billion yen. The investment will be 51% GS Yuasa and 49% Honda Motor. Its president and CEO will be Masahiko Oshitani from GS Yuasa.
A factory for Blue Energy wlil be built next to GS Yuasa’s existing site in Osadano, Kyoto. Blue Energy’s first manufacturing job will be the GS Yuasa EH6, a lithium ion battery that has already been developed.