Honda and GS Yuasa have announced they have reached a basic agreement to collaborate on a high-capacity, high-output lithium-ion battery. The companies plan to establish a joint venture by the end of 2023, to address the growing demand for batteries in the global market.
The joint venture will focus on the research and development of lithium-ion batteries and production methods that will be highly competitive in the global market, as well as the establishment of a supply chain for key raw materials and a highly-efficient battery production system.
The companies will discuss collaborations including R&D of high-capacity, high-output lithium-ion battery, primarily for EV use, establishment and management of intellectual properties, planning for products that utilize technologies resulting from the joint R&D, and designing of an efficient production operation including the supply chain for key raw materials.
“Honda is striving to realize carbon neutrality for all products and corporate activities Honda is involved in by 2050. Honda and GS Yuasa have already been working together on lithium-ion batteries for hybrid electric vehicles (HEVs), and this new collaboration will further accelerate Honda’s electrification strategies toward the achievement of our carbon neutrality goal.” said Toshihiro Mibe, Director, President and Representative Executive Officer of Honda Motor Co., Ltd.
“Based on our corporate philosophy of ‘Innovation and Growth,’ GS Yuasa has been taking on challenges to create energy technologies while amassing a broad range of knowledge and know-how related to batteries. Through this new collaboration with Honda, we will contribute to further diffusion of electric vehicles, offer enhanced comfort and peace of mind to customers worldwide and strive to create new value for the realization of carbon neutrality.” said Osamu Murao, President and Representative Director of GS Yuasa International Ltd.
