Honda Motor and GS Yuasa International have signed a joint venture agreement to establish a new company named Honda GS Yuasa EV Battery R&D which will research and develop lithium-ion batteries and battery production methods.

The new company will also establish a supply chain for key raw materials and a production system for batteries.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

The new company is scheduled to be established and begin operations before the end of 2023, subject to the approvals of the relevant authorities.

Koichi Yamamoto, president-designate of Honda GS Yuasa EV Battery R&D, said: “The new company will fully leverage the strengths of the two companies and establish a strong presence in the rapidly expanding battery market.”

The company will be based in Kyoto.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Auto Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Auto Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now