Honda joins forces with GS Yuasa

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Takeo Fukui President and CEO of Honda, Makoto Yoda President and CEO of GS YuasaAs 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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