As Honda Motor Co Ltd is set to invest in hybrid technologies, a basic aggreement with GS Yuasa Corporation is close to establish a joint venture company which will manufacture, high-performance lithium-ion batteries for applications with a central focus on hybrid vehicles.
The ratio of capital investment will be 51% by GS Yuasa and 49% by Honda and the new joint venture company is expected to be established around spring 2009.
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on Mar 25th, 2009 at 1:41 am
[...] was back in December of 2008 when GS Yuasa and Honda signed a basic aggrement to establish a joint venture company that will manufacture, sell and conduct R&D for [...]