GS Yuasa and Honda Motor have agreed to form a joint venture to make high-performance lithium-ion batteries primarily for hybrid vehicles. The pair aim to establish the new company around next spring.
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The JV will be held 51% by GS Yuasa and 49% by Honda, and based in Minami-ku, Kyoto, with a factory on a GS Yuasa Osadano property in Fukuchiyama, Kyoto.
“The lithium-ion battery offers energy density and power density higher than the nickel-metal-hydride battery, and demand for lithium-ion batteries is therefore expected to grow in the future as the battery of choice for hybrid vehicles,” the companies said in a statement.
“GS Yuasa and Honda determined that development of smaller and lighter lithium-ion batteries with further improved performance should be achieved by combining the technological strengths and know-how of the two companies in the area of manufacturing, sales, and R&D of lithium-ion batteries.
“Through the development of such batteries, the two companies can demonstrate the maximum synergy effect in the effort to promote the greater market penetration of hybrid vehicles.”
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By GlobalDataThe new company will manufacture batteries based on EH6, the lithium-ion battery developed by GS Yuasa. The performance most suitable for next-generation hybrid vehicles will be achieved through a review of certain elements such as the structure and electrode materials.
