Honda joins forces with GS Yuasa
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.