GS Yuasa’s Q1 net profit down 31.8% y/y to USD11.1 million
Company plans to mass produce new EV battery with much higher range by 2020
Japanese battery maker GS Yuasa has reported a fall of 31.8% year-on-year (y/y) in net income to JPY1.25 billion (USD11.1 million) for the first quarter ended 30 June 2017, according to a company press release earlier this month.
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