January 26, 2023: Honda Motor Co. and GS Yuasa International announced on January 23 they had reached a basic agreement toward collaboration on development of a high-capacity, high-output lithium-ion battery.
The two companies will discuss specifics with the goal of establishing a joint venture company by the end of 2023.
In a statement the two companies said they would: “work toward the establishment of a joint venture company by discussing a broad scope of collaborations including the research and development of a high-capacity, high-output lithium-ion battery, primarily for EV use, and the required production methods; the establishment and management of intellectual properties including patents related to the joint research and development; planning for products that utilize technologies resulting from the joint research and development, and planning for the required sales channels; and the designing of an efficient production operation including the supply chain for key raw materials.”