GS Yuasa and Honda Reach Basic Agreement to Establish Joint Venture Company for Manufacturing, Sales and Research & Development of Lithium-ion Batteries

Tokyo, Japan, December 17,2008 – GS Yuasa Corporation and Honda Motor Co., Ltd. Today announced that they have reached a basic agreement to establish a joint venture company which will manufacture, sell and conduct R&D for high-performance lithium-ion batteries for applications with a central focus on hybrid vehicles.  The two companies will now begin concrete discussions with an aim to establish the new company sometime around spring 2009.

It is planned that the ratio of capital investment will be 51% by GS Yuasa and 49% by Honda.  The headquarters of the new company is planned to be located in Minami-ku, Kyoto, and the factory is planned to be established within the property of GS Yuasa’s Osadano operation in Fuckuchiyama, Kyoto. Read more...

 

PDF Version View PDF Version

For additional information, please contact:

GS Yuasa Lithium Power, Inc

1150 Northmeadow PKWY Suite 118 Roswell, GA 30076 USA 888.GSYUASA (888.479.8272) 678.892.7501 (fax) media@gsyuasa-lp.com

http://www.gsyuasa-lp.com