Honda, GS Yuasa Collaborate for Lithium-Ion Battery Development

• Honda as well as GS Yuasa will certainly talk about specifics with the goal of developing a joint venture company by the end of 2023.
• The two firms agreed to work toward the joint research and development of lithium-ion batteries as well as battery manufacturing methods.

The evolution and quick adoption of electric mobility mainly depends upon the development of top quality as well as trustworthy battery systems. Hence, two Japanese conglomerates-- Honda Motor and GS Yuasa International-- have signed an agreement for partnership for a high-capacity, high-output lithium-ion battery. Honda and GS Yuasa will certainly review specifics with the goal of developing a joint venture company by the end of 2023.

Honda stated that in order to attend to the rapidly growing demand for batteries, both companies agreed to pursue the joint research and development of lithium-ion batteries and battery manufacturing methods that will certainly be highly competitive in the international market. They will certainly additionally work to establishment a supply chain for key resources as well as a highly-efficient battery manufacturing system.

Honda as well as GS Yuasa will establish a joint venture company by discussing a broad scope of cooperations. This will certainly consist of R&D of a high-capacity, high-output lithium-ion battery, mainly for EV usage, and the required manufacturing methods. They will likewise develop as well as take care of copyrights consisting of patents. The JV will certainly plan for products that utilize modern technologies arising from the joint R&D. The goal will certainly also be the designing of a reliable production operation consisting of the supply chain for key resources

Toshihiro Mibe, Director, President as well as Representative Executive Officer of Honda Motor, stated, "Honda is aiming to recognize carbon neutrality for all items and business tasks Honda is involved in by 2050. Honda as well as GS Yuasa have already been interacting on lithium-ion batteries for hybrid electric vehicles (HEVs), and also this new cooperation will certainly even more accelerate Honda's electrification approaches towards the achievement of our carbon neutrality goal."

Osamu Murao, President as well as Representative Director of GS Yuasa, stated, "Based upon our company philosophy of 'Innovation and Growth,' GS Yuasa has been taking on challenges to produce power technologies while generating a broad series of expertise and expertise related to batteries. Through this new cooperation with Honda, we will certainly add to further diffusion of electric vehicles, offer improved convenience as well as assurance to customers around the world and also aim to develop new value for the realization of carbon neutrality."

GS Yuasa is a lead acid as well as lithium-ion batteries giant based in Kyoto, Japan. It manufactures items for a range of application that consists of automobiles, motorcycles, aerospace as well as defence.