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.
at 5:33 pm
Question…
Why JV?
What's the benefit?
Is there any advantage/disadvantage, for example
HONDA stays as a company and YUASA stays as
a company and only acted as a vendor supplying
the batteries to HONDA?
at 5:46 pm
Need a large pool of money for R&D costs of next gen of batteries, its better if two companies share the cost.
at 5:55 pm
[quote comment="224065"]Need a large pool of money for R&D costs of next gen of batteries, its better if two companies share the cost.[/quote]
agreed.. especially when both companies will benefit from the new technology that will emerge from this JV.
at 6:35 pm
Two thumbs up !!!
at 1:58 am
aim = cheaper mass produce Li-ion batt for hybrid car… good enuff 4 me
at 5:16 pm
Hahahh… All this while I thought Yuasa batteries are made locally… never thought it is Japanese…Silly me..