Blue Energy is GS Yuasa and Honda's lithium-ion batter JV company
Honda and the GS Yuasa Corporation have agreed on a joint venture contract for the "manufacturing, sales and R&D of Lithium-ion batteries for hybrid vehicles." Called Blue Energy (apparently, the Japanese have taken to the European shift of the eco-defining color word?), the new company is the result of last December's announcement and months of discussions on how to bring li-ion vehicle batteries to market. Hybrids will be the "central focus" of the JV, which makes sense given Honda's distaste for plug-in vehicles. Even though the planned establishment date is April 1st, Blue Energy doesn't smell foolish at all to me. GS Yuasa, a battery supplier, announced in 2007 that it would work with Mitsubishi on lithium batteries.
[Source: Honda]
PRESS RELEASE:
GS Yuasa and Honda Sign Contract to Establish Joint Venture Company
TOKYO, Japan, March 24, 2009 – GS Yuasa Corporation and Honda signed a joint venture contract to establish a new joint venture company for manufacturing, sales and R&D of Lithium-ion batteries for hybrid vehicles. Since the signing of a basic agreement in December of last year, two companies have engaged in a series of discussions to determine concrete plans for the establishment of a joint venture company which will manufacture, sell and conduct R&D for high-performance lithium-ion batteries for applications with a central focus on hybrid vehicles. The new company, Blue Energy Co., Ltd., is scheduled to be established April 1, 2009.
Outline of the new joint venture company
| 1. Company name | Blue Energy Co., Ltd. |
| 2. Establishment date (plan) | April 1, 2009 |
| 3. Headquarters | 1, Inobanba-cho, Nishinosho, Kisshoin, Minami-ku, Kyoto |
| 4. Capital | 3 billion yen Potential increase in capital and capital surplus up to 15 billion yen may be executed. |
| 5. Capital Ratio | 51% GS Yuasa Power Supply Ltd. (a wholly-owned subsidiary of GS Yuasa Corporation) 49% Honda Motor Co., Ltd. |
| 6. Description of business | Manufacturing, sales and R&D of high-performance lithium-ion batteries |
| 7. President and CEO | Masahiko Oshitani (Executive Officer of GS Yuasa Corporation) |
Reader Comments (Page 1 of 1)
Racy 2:57AM (7/07/2009)
Is there more detailed info of this new plant?
Or website of this plant?
Reply