On May 16, Honda Motor Co., Ltd. held its "2024 Honda Business Briefing" and announced its plans for electrification and investment. As of 2030, Honda plans to make EVs and FCEVs represent 40% of its global auto sales, and to produce more than 2 million units of EVs. Working toward this future, it will pursue the fol

GS Yuasa International Ltd. (GS Yuasa) announced that it will acquire the shares of Lithium Energy Japan (LEJ), a joint venture (JV) company, held by Mitsubishi Corporation and Mitsubishi Motors Corporation to acquire the business of LEJ. By integrating the business conducted by LEJ, GS Yuasa aims to achieve efficien

GS Yuasa International Ltd. (GS Yuasa) announced that it will issue new shares by way of public offering and third-party allotment with the aim of acquiring proceeds for capital expenditure and R&D investment. The proceeds from the public offering and the third-party allotment will be up to approximately JPY 47.1 bil

 GS Yuasa opened its new state-of-the-art facility at Ignition Park, Swindon. The new site will act as the headquarters for GS Yuasa Battery Europe Ltd as well as the sales and distribution center for GS Yuasa Battery Sales UK Ltd. The site has an area of 178,500 square feet. GS Yuasa Battery Europe Ltd. will also re

On August 1, Honda announced the completion of the process to establish a joint venture company with GS Yuasa, Honda･GS Yuasa EV Battery R&D and the new company started operation. The company had announced the formation on May 11.
Honda and GS Yuasa hold a 50% stake respectively in the new company.
Honda press releas

Honda announced that it has signed a joint venture agreement toward the establishment of a new company with GS Yuasa for collaboration on high-capacity, high-output lithium-ion batteries, mainly for EVs.
As announced on January 23. 2023, they reached basic agreement toward collaboration.
To address the rapidly growin

Honda Motor Co., Ltd. (Honda) and GS Yuasa International Ltd. (GS Yuasa) announced that they will collaborate on research and development of lithium-ion batteries. Along with this, the two companies aim to establish a joint venture by the end of 2023. To respond to rapidly increased demand of batteries, they intend t