Suzuki Motor has agreed to acquire Kanadevia Corporation’s all-solid-state lithium-ion battery business under a transfer agreement effective 1 July 2026.
Kanadevia, an industrial and engineering company based in Osaka, Japan, began developing all-solid-state lithium-ion batteries in 2006.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The business being transferred includes activities related to technology development, design and sales of all-solid-state lithium-ion batteries.
Following completion of the deal, Suzuki will take over the technologies developed by Kanadevia and continue their development.
The batteries are manufactured using a proprietary dry production process and are designed to provide high safety standards, including eliminating the risk of liquid leakage.
The technology is also intended to offer strong resistance to environmental conditions and stable operation across a wide temperature range.
Completion of the transaction is subject to the fulfilment of customary closing conditions.
The companies did not disclose the business’s financial details, including assets and liabilities, nor the acquisition price, and said the deal will be settled in cash.
Earlier this month, Suzuki introduced its first battery electric vehicle (BEV) in Indonesia with the launch of the eVitara compact sport utility vehicle, as the Japanese automaker seeks to compete with Chinese manufacturers in the country’s rapidly expanding EV market.
The five-seat eVitara is supplied as a built-up unit from Suzuki’s majority-owned Indian subsidiary, Maruti Suzuki.
Suzuki has also been expanding investments through its venture capital arm, Suzuki Global Ventures (SGV).
Recently, it invested in Linkwiz, a developer of industrial robotics software.
Established in 2015 and headquartered in Hamamatsu City, Linkwiz develops industrial robot control software that integrates 3D scanning with robot control technologies to support digital transformation (DX) in automotive manufacturing.
