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    FISITA World Mobility Conference 2025: Key themes and concerns for the automotive industry
    One thing is abundantly clear after the FISITA World Mobility Conference (WMC) last week. Megatrends impact everything. No longer can chassis development, braking, safety validation and so forth stand alone without impact from the broader drive towards electrification, the AI revolution or SDVs, to name a few.  The event’s sessions gave the impression that electrification is already baked into the industry, particularly in Europe where the debate on (regulation-pushed) direction is ...
    Insights
    Beyond horsepower: Compute becomes the new competitive edge for OEMs
    Automotive compute power is becoming a defining metric of vehicle capability — not just for autonomy, but across cockpit systems, connectivity and life-cycle software deployment. As vehicles transition toward centralized electrical/electronic (E/E) architectures and software-defined platforms, silicon performance is now a core determinant of what a vehicle can do — and how long it will remain competitive in the field. Two metrics have emerged as industry standards for measuring this compu...
    Insights
    GS Yuasa develops new tech that improves silicon-based negative electrode batteries
    GS Yuasa Corp. announced May 17 that its subsidiary GS Yuasa International (GS Yuasa) has developed a technology that achieves both higher energy density and longer service life through a series of improvements in silicon-based negative electrode batteries, which face many practical challenges. The company applied this technology to demonstrate a high-energy density of 400 Wh/kg, higher than that of conventional lithium ion (Li-ion) batteries. It confirmed t...
    News
    Honda plans to produce more than 2 million EVs per annum by 2030
    Japanese vehicle manufacturer Honda Motor Co. Ltd. announced major corporate transition initiatives including electrification on April 26. Honda said that the company has set a goal to increase the ratio of electric vehicle (EV) and fuel-cell electric vehicle (FCEV) sales to 100% globally by 2040. To achieve this target, Honda plans to produce more than 2 million EVs annually by 2030. Honda’s 2030 EV volume plan is split into how the company caters to the three major markets worldwide ...
    News
    Honda and GS Yuasa plan $3 billion investment to build battery-cell plant in Japan
    Honda Motor and Japanese battery-maker GS Yuasa will set up a joint venture this 2023 and committed an investment of ¥400 billion (about $2.99 billion) to develop and mass-produce cells for electric vehicles (EVs) and homes in Japan, Nikkei Asia reported on April 28. As a first step, the companies will construct a domestic lithium ion (Li-ion) battery factory with a target capacity of 20 GWh or more. Japan's Ministry of Economy, Trade and Industry will provide a roughly ¥150 billion&nb...
    News
    Honda collaborates with GS Yuasa for high-capacity Li-ion battery
    Japanese automaker Honda Motor Company Ltd. and the battery maker GS Yuasa International Ltd. have signed a basic agreement to collaborate on developing high-capacity, high-output lithium-ion (Li-ion) batteries, Honda announced on 23 January 2023. Honda said the two companies will discuss specifics with the goal of establishing a joint venture company by the end of 2023. Commenting on the early agreement with GS Yuasa, Toshihiro Mibe, director, president, and representative executive offic...
    News
    GS Yuasa to expand HEV battery production capacity in Japan
    The Japanese battery supplier GS Yuasa plans to double its production capacity for lithium-ion (Li-ion) batteries in Japan, according to a report by electrive.com on 12 April. To this end, the company’s subsidiary Blue Energy is strengthening its production lines in Kyoto and building a second plant at the same location. The second plant in Kyoto is scheduled to go into operation in 2022. The company plans to double the capacity in financial year 2023. Significance: The company is expanding...
    News
    GS Yuasa’s sales fall 4.2% y/y to USD3.7 billion in FY 2019/20
    GS Yuasa has reported a fall of 4.2% year on year (y/y) in sales to JPY395.5 billion USD3.66 billion during the fiscal year ended 31 March 2020, as compared to JPY413 billion in FY 2018/19. Operating income decreased 4.3% y/y to JPY22.6 billion during the year. GS Yuasa reported a net income of JPY13.6 billion for the April 2019 - March 2020 period, which is a growth of 1.1% y/y.
    News
    GS Yuasa starts operations at Li-ion battery plant in Hungary
    GS Yuasa has started operations at its new lithium-ion (Li-ion) battery plant in Miskolc, Hungary, the company announced in a press release on 3 October. GS Yuasa Hungary has started to manufacture automotive 12V Li-ion batteries and also started supplying them to European customers. The plant has an annual production capacity of 500,000 batteries in the first phase. Significance: GS Yuasa set up its new manufacturing subsidiary in Hungary, GS Yuasa Hungary, in January last year to  fulf...
    News
    GS Yuasa’s Q1 net profit up 3% y/y to USD13.3 million
    Battery supplier GS Yuasa has reported 3% year-over-year (y/y) increase in net profit to JPY1.47 billion (USD13.3 million) in the first quarter ended 30 June 2019, the company said in a press release earlier this month. Net sales declined 6.4% y/y to JPY90.1 billion. Lower sales also resulted in the Japanese supplier reporting 30.1% y/y drop in operating income to JPY2 billion. In Automotive Batteries business, sales declined 6.2% y/y to 59.9 billion which was also responsible for 8.3% y/y dr...
    News
    Toyota partners with CATL and BYD for sourcing EV batteries
    Toyota has partnered with Chinese battery makers Contemporary Amperex Technology (CATL) and BYD to source batteries for electric vehicles (EV), Nikkei Asian Review reported on 7 June. Toyota has also entered into a similar partnership with Japan’s Toshiba and GS Yuasa. In a presentation by Shigeki Terashi, executive vice president, Toyota Motor Corporation, it was informed that Toyota is aiming to have nearly half of its vehicle sales come from electrified models by 2025. The company is lookin...
    News
    GS Yuasa’s sales increases 0.5% y/y to USD3.7 billion in FY 2018/19
    GS Yuasa has reported an increase of 0.5% year on year (y/y) in sales to JPY413 billion (USD3.72 billion) during the fiscal year ended 31 March 2019, as compared to JPY410 billion in FY 2017/18. Operating income increased 3.3% y/y to JPY22.6 billion during the year. GS Yuasa reported a net income of JPY13.5 billion for the April 2018 - March 2019 period, which is a growth of 18.1% y/y.
    News
    Growing importance of battery cooling in full hybrid and electric vehicles and the longer-term prospect for further trend disruption.
    While it is inevitable that powertrain migration from an ICE to EV will be the endgame to meet the increasingly stringent regulations, the consensus in the industry is that talk about the complete demise of ICE technology is somewhat premature. The IHS Markit forecast indicates that one in five vehicles by 2025 will be either a BEV or full HEV. A significant portion of the APV numbers will be made up of full HEVs, meaning ICE technology will continue to find application, although the ICE fitted ...
    Insights
    GS Yuasa’s sales increases 14.2% y/y to USD3.8 billion in FY 2017/18
    GS Yuasa has reported an increase of 14.2% year on year (y/y) in sales to JPY411 billion (USD3.8 billion) during the fiscal year ended 31 March 2018, as compared to JPY359.6 billion in FY 2016/17. Operating income decreased 5.1% y/y to JPY21.9 billion during the year. GS Yuasa reported a net income of JPY11.4 billion for the April 2017 - March 2018 period, which is a fall of 6.3% y/y.
    News
    Japanese government, industry collaborate on solid-state battery technology development
    Japanese government and industry are collaborating to develop solid-state battery technology, reports Nikkei Asian Review. Japan’s Ministry of Economy, Trade and Industry will provide JPY1.6 billion (USD14 million) in funding to Lithium Ion Battery Technology and Evaluation Center (Libtec), a research consortium which includes companies such as Asahi Kasei and Toray Industries. Libtec will also work with Toyota Motor and Panasonic to develop highly efficient solid-state battery. According to t...
    News
    GS Yuasa sets up new technical center for lithium-ion batteries in Japan
    Battery maker GS Yuasa has set up a new technical center for automotive lithium-ion (Li-ion) secondary batteries in Japan, Japan Automotive Daily reported on 12 April. The new center will be developing 12-volt starter batteries, and next-generation batteries for electric, hybrid and plug-in hybrid vehicles and at the same time reducing development time of batteries. Significance: GS Yuasa’s automotive battery business has been recording steady growth in new vehicle and replacement battery m...
    News
    GS Yuasa to set up new lithium-ion battery plant in Hungary
    GS Yuasa has established a new manufacturing subsidiary in Hungary, GS Yuasa Hungary, and plans to open a new lithium-ion (Li-ion) battery plant in the country, the company announced in a press release on 11 January. GS Yuasa will infuse JPY455 million (USD4 million) capital into the new manufacturing subsidiary which will undertake development and manufacturing of lithium-ion batteries. Headquartered in Miskolc, Hungary, the company will have an annual production capacity of 500,000 Li-ion batt...
    News
    GS Yuasa’s Q1 net profit down 31.8% y/y to USD11.1 million
    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. Net sales for the same period grew by 16.5% y/y to JPY87.8 billion. The company said that the fall in net income was primarily due to higher tax expenses resulting from increased profit before income taxes and the recognition of tax deferred liabilities against the reta...
    News
    GS Yuasa’s sales falls 1.6% y/y to USD3.2 billion in FY 2016/17
    GS Yuasa has reported a fall of 1.6% year on year (y/y) in sales to JPY359.6 billion (USD3.2 billion) during the fiscal year ended 31 March 2017, as compared to JPY365.6 billion in FY 2015/16. Operating income increased 5.4% y/y to JPY23.1 billion during the year. GS Yuasa reported a net income of JPY12.2 billion for the April 2016 - March 2017 period, which is a growth of 35.4% y/y.
    News
    Blue Energy to supply lithium-ion batteries for Honda’s FREED hybrid models
    Japan-based Blue Energy will supply lithium-ion (Li-ion) batteries for Honda’s new hybrid models FREED and FREED+, the company announced in a press release on 16 December. Blue Energy will be supplying its new Li-ion batteries "EHW5", which is 17% lighter and 7% smaller than conventional Li-ion batteries, the company claimed.  The company announced that each EHW5 cell has a capacity of 5.0 AH, 3.6V and maximum current of 300A Significance: Blue Energy has been mass manufacturing Li-ion...
    News
    GS Yuasa supplies lead-acid storage battery for new Nissan Serena
    Japanese battery manufacturer GS Yuasa is supplying lead-acid storage batteries to Nissan for its fifth-generation Serena, the company announced in a press release on 10 November 2016. The batteries have been designed for the start-stop functionality in a car. The S-95 and K-42, the two battery models supplied to Nissan, have a nominal voltage of 12V and a 20-hour rating capacity of 75Ah and 33Ah respectively. Significance: In August, Nissan launched the fifth generation Serena featuring the ...
    News
    GS Yuasa’s sales falls 1.1% y/y to USD3.2 billion in FY 2015/16
    GS Yuasa has reported a fall of 1.1% year on year (y/y) in sales to JPY365.6 billion (USD3.2 billion) during the fiscal year ended 31 March 2016, as compared to JPY369.7 billion in FY 2014/15. Operating income increased 4.7% y/y to JPY21.9 billion during the year. GS Yuasa reported a net income of JPY9 billion for the April 2015 - March 2016 period, which is a decline of 10% y/y.
    News
    Honda debuts upgraded two-motor hybrid system on Odyssey minivan in Japan
    Honda has upgraded its two-motor hybrid system for large vehicles to improve power and fuel economy, reports Automotive News. The upgraded system, called the Sport Hybrid i-MMD powertrain, is featured in the new Odyssey hybrid minivan that went on sale in Japan earlier this month. The new Sport Hybrid i-MMD powertrain features a power control unit that is 23% smaller and 27% lighter than the one available in the old two-motor hybrid system. The power control unit includes the electric motors...
    News
    GS Yuasa, Mitsuba, TS Tech net income down y/y in April-December 2015
    Japanese components supplier GS Yuasa, Mitsuba and TS Tech have reported a decline in net income for the first nine months ended 31 December 2015, according to filings by Tokyo Stock Exchange. GS Yuasa reported 22.3% year-on-year (y/y) decline in net income to JPY6.6 billion (USD54.7 million, 31 December 2015); net sales were down 0.4% y/y to JPY265.3 billion (USD2.2 billion), while the operating income was up 5.9% y/y to JPY14.1 billion (USD117 million). Mitsuba’s net income was down ...
    News
    GS Yuasa reports 30.4% y/y decline in H1 net income to USD30.1 million
    GS Yuasa’s net income declined 30.4% year-on-year (y/y) to JPY3.6 billion (USD30.1 million, 30 September 2015), according to a company filing with the Tokyo Stock Exchange. While net sales for the period declined marginally (0.2% y/y) to JPY171.1 billion (USD1.4 billion), operating income dropped 10.4% y/y to JPY6.8 billion (USD56.8 million). Significance: Taking into account its performance in the first six months and the market trends, GS Yuasa has scaled down its financial projections f...
    News
    Panasonic’s H1 net income up 37.5% y/y to USD929 mil; signs MOU to transfer lead-acid battery business to GS Yuasa
    Panasonic has reported a 37.5% year-on-year (y/y) growth in net income to JPY111.3 billion (USD929.3 million, 30 September 2015) in the first six months ending 30 September 2015, according to a company press release. Net sales for the period increased marginally to JPY3.76 trillion from JPY3.72 trillion in the same period a year ago. Operating profit in the first half stood at JPY200.5 billion, up 13% y/y. Sales in the Automotive & Industrial Systems (AIS) segment remained almost flat y/...
    News
    Sumitomo Rubber opens new tire factory in Turkey
    Sumitomo Rubber has opened a new tire plant in Turkey’s Central Anatolian province of Cankiri with an investment of USD520 million, reports the Balkans. The plant will employ 2,000 people and will have the capacity to manufacture 10 million tires a year. Around 80% of the production of radial passenger and light truck tires will be exported to the Middle East, North Africa and Russia. In addition, the plant will serve Japanese OEMs including Toyota and Honda in Turkey. The new plant has been s...
    News
    Bosch presents solid-state lithium-ion battery technology at 2015 Frankfurt Motor Show
    Bosch is presenting solid-state lithium-ion battery at the 2015 Frankfurt Motor Show, claiming it would be production ready within five years for electric vehicles (EVs), says a press release. The move will be possible with the help of a recent acquisition of Seeo, according to the company. Bosch’s expertise in solid-state cells for lithium batteries as well as exclusive patents will help the move further. “Bosch is using its knowledge and considerable financial resources to achieve a breakt...
    News
    Bosch to acquire solid-state Li-ion battery company Seeo – report
    German supplier Bosch has agreed to acquire US-based battery startup Seeo, reports Quartz. The company has acquired all of Seeo’s intellectual property (IP) and research staff. Significance: The company’s chairman Dr. Volkmar Denner expects about 15% of all new cars globally to have a hybrid powertrain by 2025 with batteries offering twice the current energy density at half the present cost by 2020. In fact that company has been working with GS Yuasa to develop a low-cost lithium-ion bat...
    News
    Crucible for Innovation
    Source: Indian Space Research Organisation Do space agencies make batteries? They do use li-ion batteries in satellites and space stations. But that is not what the Indian Space Research Organisation (ISRO) is best known for. ISRO is known for the Mars Orbiter Mission, as part of which the organization sent a space probe to orbit Mars in 2014.  This made them the fourth space agency in the world to reach Mars. What ISRO is even better known for is the cost at which it achieved the feat. I...
    Insights
    GS Yuasa reports decline in Q1 net income; Meidensha reports net loss in Q1
    Japanese auto parts suppliers GS Yuasa and Meidensha have reported earnings for the first quarter ended 30 June 2015, according to their filings with Tokyo Stock Exchange (TSE). GS Yuasa’s net income declined 59.4% year-on-year (y/y) to JPY951 million (USD7.7 million, 30 June 2015) in the first quarter ended 30 June 2015. Net sales for the period dropped marginally, 0.8% y/y, to JPY81.6 billion (USD665.1 million). Operating income, however, remained flat at JPY3.1 billion (USD25.3 million)...
    News
    Minds behind Mars mission to make batteries for EVs
    Do space agencies make batteries? They do use li-ion batteries in satellites and space stations. But that is not what the Indian Space Research Organisation (ISRO) is best known for. ISRO is known for the Mars Orbiter Mission, as part of which the organization sent a space probe to orbit Mars in 2014. This made them the fourth space agency in the world to reach Mars. What ISRO is even better known for is the cost at which it achieved the feat. It spent USD73 million on its Mars Orbiter Mission (...
    Insights
    Mitsubishi launches second life batteries demonstration project
    Mitsubishi Motors Corporation (MMC) and Mitsubishi Corporation (MC) have launched a joint demonstration project for using used lithium-ion batteries from electric vehicles, says a press release. The project will be undertaken in conjunction with Electricité de France (EDF), Forsee Power, a provider of energy storage solutions, and PSA Peugeot Citroën. The demonstration is expected to start in September 2015 at Foresee Power’s new headquarters near Paris, France.    Signific...
    News
    Mergers & acquisitions (Issue 5, 2015)
    Acquirer Acquired Business Sector Comment  Amtek Auto  Rege Holding GmbH Various engine and transmission components India-based forging supplier Amtek Auto will acquire Germany-based Rege Holding GmbH for undisclosed sum. Rage operates two production plants in Germany and one in Romania and employs over 1,400 people. The...
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    Japanese researchers explore Li3NbO4-based materials for electrodes in Li-ion batteries
    Japanese researchers, including contributors from battery manufacturer GS Yuasa, Tokyo University of Science and Nagoya Institute of Technology, are exploring the viability of Li3NbO4-based (trilithium niobate) materials as anodes in lithium-ion (Li-ion) batteries, according to a paper published in Proceedings of the National Academy of Sciences of the United States of America. Despite being catagorised under cation-disordered rocksalt-type structure, the lithium ions in Li3NbO4-based materials ...
    News
    Bosch, GS Yuasa progressing well with goal of developing low-cost lithium-ion battery by 2020
    Bosch and GS Yuasa are progressing well with their goal of developing a lithium-ion battery that would reduce the production costs by 50% and deliver twice the energy density of today's batteries, said a Bosch executive to Automotive News yesterday (30 June). The companies aim to produce such a battery by 2020, said Udo Wolz, president of Bosch's subsidiary in Japan, who believes that such a battery would help in popularising electric vehicles. "We are on a good path to reach that target," ...
    News
    Meeting the Mark
    Bosch is currently working on 30 orders related to electric powertrains and invests nearly EUR400 million (USD444 million) annually in electromobility. Source: Bosch The chairman of Bosch mobility solutions, Rolf Bulander, has said that he expects European OEMs to meet the European Union’s new 95g/km emissions limit with relative ease when it is introduced in 2021. Bulander went as far to say that Bosch expects smaller vehicles to beat the limit by some margin. Speaking at Inter...
    Insights
    GS Yuasa's subsidiary acquires 40% stake in Malaysian joint venture
    GS Yuasa’s Thai subsidiary Siam GS Battery Co., Ltd. (SGS) has acquired 40% stake in a Malaysian joint venture, Yuasa Battery Malaysia (YBM), says a company press release. The acquisition increases GS Yuasa’s stake in YBM from 30% to 70%, making it a consolidated subsidiary of GS Yuasa. Significance: GS Yuasa aims to expand its market share in Malaysia leveraging management resources as well as expertise of SGS in the field of batteries. Presently, the group’s automotive lead-acid stor...
    News
    GS Yuasa to acquire shares in Turkey-based battery maker Inci Aku Sanayi ve Ticaret Anonim Sirketi
    GS Yuasa’s subsidiary GS Yuasa International Ltd. plans to acquire 50% of shares in Inci Aku Sanayi ve Ticaret Anonim Sirketi (Inci), a Turkey-based manufacturer of lead-acid battery for automotive, forklift and stationary applications, the company announced in a press release yesterday (10 June). Transfer of shares is expected to complete by the end of next month. GS Yuasa also plans to change the name of Inci to Inci GS Yuasa Anonim Sirketi in August this year. Significance: The acquisit...
    News
    GS Yuasa reports USD83.9 million net income in FY 2014/15
    GS Yuasa has reported net income of JPY10.04 billion (USD83.9 million) in the fiscal year ended 31 March 2015, up 0.6% year-on-year (y/y), according to a company press release. Operating income also jumped 14.9% y/y to JPY20.9 billion (USD174.8 million) during the period. Net sales were up 6.3% y/y to JPY369.7 billion (USD3 billion), driven by improved results from its lithium-ion batteries segment. Net sales from lithium-ion batteries amounted to JPY45.2 billion (USD377.6 million), up 39% y/y. ...
    News
    Bosch working on lithium ion battery technology; says energy density can reach 280 Wh/kg
    Bosch is working on lithium ion battery technology and says that the technology still has a lot of potential to offer in terms of energy density, says a company press release. The company says that batteries currently have an energy density of about 115 Wh/kg, but it has potential to go as high as 280 Wh/kg. Bosch is working with GS Yuasa and Mitsubishi as part of a joint venture (JV), Lithium Energy and Power, to make lithium ion batteries more powerful. Bosch is also working on other batt...
    News
    GS Yuasa, Sumitomo Electric, JTEKT report increase in net income in first nine months of FY 2014/15
    Japanese supplier GS Yuasa net income increased 73.7% year on year (y/y) to JPY8.53 billion (USD71.1 million, 31 December 2014) in the nine months ended 31 December 2014 of financial year (FY) 2014/15, says a company press release. Operating income also jumped 36.9% y/y to JPY13.37 billion (USD111.5 million) in the period. Net sales were up 10.8% y/y to JPY266.46 billion (USD2.22 billion). Sumitomo Electric net sales increased 9.4% y/y to JPY2 trillion (USD16.7 billion), operating income in...
    News
    Researchers develop graphene sheet-sulfur/carbon composite for lithium-sulfur batteries
    A team of researchers, led by Dr. Vasant Kumar at the University of Cambridge in the United Kingdom and Professor Renjie Chen at the Beijing Institute of Technology in China, has developed an electrode structure for lithium-sulfur batteries, according to a press release from the journal APL Materials. The study has been published in APL Materials, and describes the design of the sulfur cathode at the nanolevel. The researchers wrap a thin sheet of graphene around a multifunctional sulfur electro...
    News
    GS Yuasa develops lithium-sulfur battery – report
    GS Yuasa has developed a lithium-sulfur battery that is three times the capacity of the existing battery products in the market, reports Green Car Congress citing the Japan Times. The battery uses sulfur as a key material in the cathode and a silicon-based anode. The company is presently working on improving the durability of the anode to commercialise next-generation lithium-ion battery by 2020. Significance: Lithium-sulfur batteries are seen as a promising alternative to lithium-...
    News
    GS Yuasa develops lithium-sulfur battery—report
    GS Yuasa has developed a lithium-sulfur battery that is three times the capacity of the existing battery products in the market, reports Green Car Congress citing the Japan Times. The battery uses sulfur as a key material in the cathode and a silicon-based anode. The company is presently working on improving the durability of the anode to commercialise next-generation lithium-ion battery by 2020. Significance: Lithium-sulfur batteries are seen as a promising alternative to lithium-ion batteries...
    News
    GS Yuasa reports USD23 million net income in Q1 FY 2014/15
    GS Yuasa has reported net income of JPY2.3 billion (USD23.1 million) in the quarter ended 30 June 2014 compared to JPY127 million (USD1.3 million) in the corresponding quarter a year ago, according to a company press release. Operating income also jumped 93% y/y to JPY3.1 billion (USD30.6 million) in the quarter. Net sales were up 25% y/y to JPY82.3 billion (USD810.7 million), driven by improved results from each of its business segments. Net sales from lithium-ion batteries amounted to JPY1...
    News
    Furukawa to set up two battery JVs with Indonesia’s Indomobil Sukses
    Furukawa Battery, the Japanese battery manufacturer, has formed two joint-ventures (JVs) with Indonesia-based and Indomobil Sukses reports Jakarta Globe. The two partners have agreed to invest USD20 million in the two JVs. The first JV named, Furukawa Indomobil Battery Manufacturing, will manufacture batteries at a 6.6-hectare factory in Purwakarta, West Java, Indonesia. The construction of the factory had begun in February this year and production is expected to begin in first quarter of 20...
    News
    GS Yuasa’s net profit up 73% y/y to USD97 million in FY 2013/14
    Japanese batteries supplier GS Yuasa has announced its financial results for the fiscal year (FY) and fourth quarter ended 31 March 2014. According to data published on the company’s website, GS Yuasa’s sales increased 26.8% year on year (y/y) to JPY348 billion (USD3.4 billion, 31 March 2014) in FY 2013/14. Operating income was up 86.2% y/y to JPY18.2 billion (USD177 million), while net income jumped 73.1% y/y to JPY10 billion (USD97.1 million). In the fourth quarter of 2014, GS Yuasa’...
    News
    Mitsubishi Heavy to sell lithium-ion battery business assets to Delta Electronics
    Mitsubishi Heavy Industries (MHI) has concluded an agreement with Delta Electronics, Inc., an electronic devices manufacturer in Taiwan, under which MHI will sell its lithium-ion (li-ion) rechargeable batteries business assets to Delta, says the company’s press release. Consequently, MHI will focus on energy storage system (ESS) products using li-ion rechargeable batteries. Significance: MHI expects ESS products to show a sustained market growth in the future. MHI designs and manufactures ...
    News
    Mitsubishi's new Outlander PHEV to start from GBP28,249 in UK
    Mitsubishi has launched its Outlander plug-in hybrid (PHEV) in the United Kingdom, with price starting from GBP28,249 (USD47,034.3) for the GX3h model after government incentives, according to The GreenCar website. Lance Bradley, managing director of Mitsubishi Motors in the United Kingdom, was quoted as saying, “Having the first SUV plug-in hybrid in the UK market that has no premium over its diesel equivalent, has 4x4 capability with an EV range of 32.5 miles, can achieve 148mpg under th...
    News
    GS Yuasa to raise prices of lead-acid batteries
    Japanese battery supplier GS Yuasa Battery Limited (GS Yuasa) plans to increase the prices of its lead-acid storage batteries, effective from 1 May 2014, according to a company press release. The price revision will apply to all models of the company’s automotive lead-acid storage batteries; prices will be hiked by 10% or more. Significance: GS Yuasa’s decision is mainly driven by high prices of lead, the primary raw material used in the production of lead-acid storage batteries. Further...
    News
    Investments (Issue 2, 2014)
    Company Region Area of operation Comment BASF Japan R&D BASF inaugurated a new research and development (R&D) laboratory and application technology centre for battery materials in Amagasaki, Japan, on 5 February. Located at the Amagasaki Research Incubation Center (ARIC), the new centre will develop electrolytes and electr...
    Insights
    Joint-ventures (Issue 2, 2014)
    Company JV Partner(s) Area of operation Comment Bosch GS Yuasa, Mitsubishi EV batteries Lithium Energy and Power, a joint venture (JV) set up by Bosch, GS Yuasa, and Mitsubishi, aims to double electric vehicle (EV) battery capacity to meet the growing demand of the niche sector. Bosch, GS Yuasa, and Mitsubishi established the JV i...
    Insights
    GS Yuasa develops 12V Li-ion battery for start-stop systems
    GS Yuasa has developed a 12V lithium-ion (Li-ion) battery for the stop-start system, reports Green Car Congress. The company has developed the battery to replace a LN5 lead-acid battery in a vehicle by keeping the external configuration of the Li-ion battery compatible with DIN LN5 12V lead-acid batteries as well as maintaining the operational range similar to the lead-acid battery. The battery uses a lithium iron phosphate/graphite combination offering lightweight, high-power, and lon...
    News
    Bosch, GS Yuasa, and Mitsubishi Corporation JV aims to double EV battery capacity
    Lithium Energy and Power, a joint venture (JV) set up by Bosch, GS Yuasa, and Mitsubishi, aims to double electric vehicle (EV) battery capacity to meet the growing demand of the niche sector, says a press release. Bosch, GS Yuasa, and Mitsubishi established the JV in November 2013. Bosch is the majority stakeholder in the JV, with a 50% stake, GS Yuasa and Mitsubishi hold 25% each. The JV is scheduled to start operations in 2014. The JV’s headquarters are in Stuttgart (Germany). Significan...
    News
    GS Yuasa establishes technical centre in Thailand
    GS Yuasa has set up a new wholly owned subsidiary, GS Yuasa Asia Technical Center Ltd, in Samuthprakarn Province (Thailand), says a company press release. The new company will focus on developing lead-acid batteries for automobiles and motorcycles for GS Yuasa Group companies in Southeast Asia and surrounding countries. The company will also be involved in conducting market research for product development. The headcount, now 14, would rise to 26 by 2015 and to 60 by 2016. The company plans to i...
    News
    Bosch’s sales up 2.7% y/y to USD63.8bn in 2013
    Bosch has released its preliminary sales figure for the financial year (FY) ended 31 December 2013. The company’s sales went up by 2.7% year-on-year (y/y) to EUR46.4bn (USD63.8bn, 31 December 2013) compared with sales of EUR45.2bn (USD59.7bn, 31 December 2012) in FY2012. Sector-wise, sales in the Automotive Technology division were up by 7% to EUR30.7bn (USD42.2bn) versus sales of EUR28.7bn (USD37.9bn). The negative effect of currency fluctuation was evident in regional sales results. Geog...
    News
    Mitsubishi to delay Outlander PHEV US launch due to battery production bottleneck
    Mitsubishi is planning to delay the launch of the Outlander plug-in hybrid for two years because of bottlenecks in battery production, reports Automotive News. The trade publication has been told by Mitsubishi president Osamu Masuko that despite the restructuring of the battery manufacturing footprint at its main supplier Lithium Energy Japan (a joint-venture (JV) between Mitsubishi Motors, battery maker GS Yuasa Corp. and trading house Mitsubishi Corp.) which has increased output to 4,000 units...
    News
    Bosch, GS Yuasa aim to lower lithium-ion battery production costs by 50% by 2020
    Bosch and GS Yuasa plan to develop a lithium-ion battery that would reduce the production costs by 50% and deliver twice the energy density of today's batteries, according to The Automotive News citing a senior Bosch executive. The companies aim to manufacture the lithium-ion battery by 2020. “We predict overall 12 million cars electrified by 2020,” said Wolf-Henning Scheider, the management board director in charge of Bosch’s global automotive business. Significance: Batteries remain...
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    Bosch displays solutions for EVs, connected cars at Tokyo Motor Show
    Bosch has displayed new technologies in connected vehicles and electric vehicles (EVs) at the Tokyo Motor Show, says the company’s press release. For automated driving, the company will launch traffic jam assistant which will relieve drivers of navigating in stop and go traffic situations. The company will also come up with freeway driving assistance system, which will be developed by combining adaptive cruise control with lane-keeping assistance. Bosch said it is focusing on car-to-cloud ...
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    GS Yuasa’s H1 FY2013-14 net income slips 3.3 % y/y to USD31m
    GS Yuasa has reported a 3.3% year-on-year (y/y) decline in net income to JPY3.05bn (USD31m, 30 September 2013) for the first half (H1) ended 30 September 2013, compared with JPY3.15bn (USD40.4m, 30 September 2012) for the same period of the previous year, reports Reuters. This is a considerable improvement from the net income of JPY127m (USD1.28m, 30 June 2013) the company recorded in the first quarter (Q1) of FY2013-14, ended 30 June 2013. The company’s Q1 FY2013-14 net income had declined by...
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    Bosch's automotive division's target of 8% operating margin being squeezed by Europe
    Bosch is still targeting an 8% operating margin for its automotive division within two years, although the target is being made harder to achieve by the continuing deterioration of the European passenger car market. According to an interview with the head of the automotive division Wolf-Henning Scheider, Bosch is not expecting any recovery in the European market until the end of the decade. He said, "I hope we have made it through the worst of it. You could see a slight pickup in the market, but...
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    Honda looks for second lithium ion batteries supplier for new line of hybrids
    Honda is looking for a second supplier of lithium-ion batteries for its new line of hybrid vehicles, reports Autonews. The company currently sources all lithium-ion batteries from Blue Energy Co., a JV between Honda and GS Yuasa Corporation. "We are thinking about a different supplier," said Kentaro Yokoo Chief Engineer of the new one-motor hybrid drivetrain used in the redesigned Fit compact. "It would be for the upcoming hybrids, including the Fit." The Japanese automaker expects to finalise s...
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    Mitsubishi resumes domestic production of Outlander plug-in hybrid
    Mitsubishi today (19 August) resumed production of its Outlander plug-in hybrid vehicle (PHEV) after a nearly five-month suspension due to a battery problem, reports Kyodo News. The company said it has exchanged the faulty battery and taken preventive measures such as installing equipment to prevent batteries from falling and overheating. The automaker will initially churn out 2,000 Outlander PHEVs a month at a plant in Aichi Prefecture, but intends to double the output by May 2014 by taking ste...
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    GS Yuasa’s net profit slips 88%y/y to USD1.28m in Q1 FY2013-14
    GS Yuasa reported 88% year-on-year (y/y) decrease in net income to JPY127m (USD1.28m on 30 June 2013) for the first quarter (Q1) ended 30 June 2013 compared with JPY1.06bn (USD13.33m on 30 June 2012) during the corresponding period a year ago, according to the company’s website. Net sales increased 4.34%y/y to JPY65.63bn (USD661.79m) from JPY62.9bn (USD790.8m). Operating profit was up 14.3%y/y to JPY1.6bn (USD16.13m) from JPY1.4bn (USD17.6m). Profit before taxes was reported as JPY2.66bn (USD2...
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    Japanese suppliers report mixed Q1 FY 2013/14 results
    Major Japanese automotive component suppliers are reporting mixed results for the first quarter (April-June 2013) of fiscal year (FY) that ends in March 2014. NSK posted a 34.5% year-on-year (y/y) surge in net profit to JPY9.42 billion (USD96.2 million) and a 5.7% y/y rise in its operating profit to JPY12.8 billion, on sales of JPY205 billion, up 7.8% y/y. Tokai Rika posted a 30.6% year-on-year (y/y) surge in net profit to JPY4.82 billion and a 42.8% y/y surge in its operating profit to JPY8.07 ...
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    GS Yuasa subsidiary Blue Energy supplies lithium-ion batteries for Honda Accord PHEV
    Blue Energy Japan, a subsidiary of GS Yuasa, is supplying lithium-ion batteries for Honda’s new Accord Hybrid and Accord Plug-In Hybrid luxury sedans, says a company press release. Both models went on sale on 21 June this year. The Accord Hybrid has been equipped with Blue Energy’s EH5 lithium-ion battery, while the Accord Plug-In Hybrid has been supplied with EH19 lithium-ion batteries. Significance: GS Yuasa has been supplying batteries for hybrid and electric vehicles. In April last y...
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    Bosch partners with GS Yuasa, Mitsubishi for lithium-ion batteries
    Bosch has agreed to work with Japan’s GS Yuasa and Mitsubishi Corporation to develop high-performance lithium-ion batteries for electric vehicles (EVs) and plug-in hybrids (PHEVs), says the company’s press release. The companies plan to set up a joint-venture (JV) for joint research and development (R&D) and provide sales and marketing support to the three parent companies. The JV, which is scheduled to begin operations at the beginning of next year, will be based in Stuttgart (Germany)....
    News
    GS Yuasa increases equity stake in Thai JV to 60%
    GS Yuasa has signed an agreement to acquire a majority stake in its joint- venture (JV) Siam GS Battery Co in Thailand, says the company’s press release. The increase in the equity stake from 49% to 60% will convert the JV into a consolidated subsidiary of GS Yuasa. In a separate development, the company announced plans to launch a new series of “ECO.R long-life” batteries for hybrid and electric vehicles (EVs) in July this year. The new EL series batteries, claimed to be the first in ...
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    GS Yuasa’s net profit more than halves y/y to USD60.4m in FY2013
    GS Yuasa reported a 50.8% year-on-year(y/y) decrease in its net income to JPY5.7bn (USD60.4m, 31 March 2013) in the financial year ended 31 March 2013 from JPY11.7bn (USD142.1m, 31 March 2012), according to the company’s press release. Net sales fell 3.8% to JPY274.5bn (USD2.9bn) compared with JPY285.4bn (USD3.4bn) recorded in the previous fiscal year. The company’s operating income for the period also went down 39% y/y to JPY9.7bn (USD102.9m) compared with JPY16bn (USD194.4m) in the previou...
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    Mitsubishi says overheating of Outlander PHEV batteries probably caused by cell dropping
    Mitsubishi said on 24 April that the overheating of lithium-ion batteries used in its Outlander plug-in hybrid vehicle (PHEV) was possibly caused by cells that were damaged when dropped onto the ground during manufacturing, reports Reuters. Mitsubishi believes that plant workers may have accidentally dropped some of the battery cells on the ground, damaging them. It said that those cells should have been removed from the production line but some were likely to have been used in batteries, which ...
    News
    Mitsubishi extends production stoppage of Outlander plug-in hybrids
    Mitsubishi Motors has extended the production stoppage of its Outlander plug-in hybrid vehicle (PHEV) until the cause of overheating lithium-ion battery in one of the vehicles is identified, reports Reuters. Though the company is aiming to finish the investigation by the end of April, it has not confirmed when it would be completed. Ryugo Nakao, Managing Director, Mitsubishi Motors, told reporters that there were two other cases reported in which Outlander batteries had shown signs of short-...
    News
    Mitsubishi stops production of i EV variant, Outlander PHEV in Japan over battery glitches
    Mitsubishi Motors has halted production of its Outlander plug-in hybrid vehicle (PHEV) and a variant of its i electric vehicle (EV) in Japan after reports of glitches in lithium-ion battery packs, reports Automotive News. The automaker recently reported a fire incident with the i-MiEV battery pack at the Mizushima plant (Japan) and another incident of a lithium-ion battery meltdown, installed in Outlander PHEV, at a Yokohama dealership. Consequently, the automaker has suspended sales of the two ...
    News
    Mitsubishi reports battery overheating in Outlander PHEV
    Mitsubishi yesterday (27 March) reported a battery overheating incident involving its Outlander plug-in hybrid electric vehicle (PHEV) that was launched earlier this year, reports Kyodo News. The lithium-ion battery housing in one of the Outlander PHEVs apparently melted after the vehicle was recharged before delivery at a Mitsubishi dealer in Kanagawa Prefecture on March 20. No-one was injured in the incident. Mitsubishi said a foreign substance may have entered the battery when it was being pr...
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    GS Yuasa’s net income dips 3.6% y/y to USD64.3m in first nine months of FY2012-13
    GS Yuasa reported a 3.6% year-on-year(y/y) decrease in its net income for first nine months of FY2012-13, ended on 31 December 2012, to JPY5.52bn (USD64.3m as on 31 December 2012) from JPY5.73bn (USD73.97m as on 31 December 2011), according to the company’s press release. Net sales fell 4.6% to JPY195.88bn (USD2.28bn) compared with JPY205.25bn (USD2.65bn) recorded in the corresponding nine-month period of the previous year. Effected by decline in net income and net sales for the current period...
    News
    GS Yuasa’s subsidiary receives USD3.6m subsidy from Japanese government
    Japan’s Ministry of Economy, Trade and Industry (METI) awarded a subsidy of JPY318.7m (USD3.6m) to GS Yuasa’s subsidiary Blue Energy on 6 November, according to a company press release. The subsidy has been awarded as part of a programme which promotes setting up of low carbon type domestic plants.   Significance: Blue Energy received the subsidy on 28 December and plans to use the money for new capital investments to increase annual production capacity for hybrid and electric vehic...
    News
    GS Battery introduces Hybrid Energy System unit for EV charging
    GS Battery, a subsidiary of GS Yuasa, has introduced Hybrid Energy System (HES) for electric vehicle (EV) charging and renewable energy storage, says a press release.  The HES unit features 48V of ECO R advanced lead acid battery and packed in an indoor/outdoor cabinet. The HES unit is designed to power critical loads and has an optional integrated EV charger plug, level 2 EVSE. The option to combine battery storage with photovoltaic (PV) power generation expands the product’s capability ...
    News
    GS Yuasa net income increases 27.1% y/y to USD40.4m in H1 FY2013
    GS Yuasa’s net income in the first six months (H1) ended 30 September 2012 of the financial year 2013 (FY2013) increased 27.1% y/y to JPY3.15bn (USD40.4m, 30 September 2012) from JPY2.48bn (USD32.3m, 30 September 2011) in H1 2012, reports Reuters. Operating income decreased 15.4% year on year (y/y) to JPY4.06bn (USD52m) compared with JPY4.8bn (USD62.6m) in the previous year period. Sales during the period decreased 3.3% to JPY127.5bn (USD1.6bn) compared with JPY131.9bn (USD1.7bn) in H1 2012. ...
    News
    GS Yuasa profits rise more than eight fold y/y to USD13.8m in Q1 FY2012-13
    GS Yuasa’s profits increased more than eitht fold year-on-year (y/y) to JPY1.1bn (USD13.8m, 30 June 2012) in Q1 ended 30 June 2012 from JPY131m (USD1.6m, 30 June 2012), according to the company’s press release. The Japanese company’s sales for the quarter increased 4.2% to JPY62.9bn (USD790.8m) from JPY60.3m (USD744.5m) in Q1 FY2011-12. Operating Income increased 75.6% to JPY1.4bn (USD17.6m), compared to JPY812m (USD10.0m) in Q1 FY2011-12. Segmentally, sales from domestic automotive bat...
    News
    NEC reports net loss of USD225m in Q1 FY2012-13
    NEC has narrowed its net loss for Q1 FY2012-13 ending 30 June 2012 at JPY17.9bn (USD225m, 30 June 2012) compared with a loss of JPY29.7bn (USD366.7m) in Q1 FY2011-12, says a company press release. Sales for the quarter decreased 5.6% to JPY631.5bn (USD7.9bn) from JPY669.1bn (USD8.3m) in Q1 FY2011-12 primarily due to decreased sales in its personal solutions business. Operating loss for the quarter came down to JPY7.9bn (USD99.3m), compared with JPY19.4bn (USD239.5m). The company reports its ...
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    GS Yuasa to begin li-ion battery electrodes procurement from NEC in next few years
    GS Yuasa will start sourcing lithium-ion battery electrodes from NEC Corporation in about two to three years, according to a company press release. The company is seeking to supplement its in-house production capacity through sourcing from outside as demand for lithium ion batteries for use in hybrid and electric vehicles increases.  GS Yuasa is expected to buy components for battery capacity amounting to 200,000kwh to 700,000kwh. The companies will share the details of the arrangement ...
    News
    GS Yuasa sales increase 4.7% y/y to USD3.5bn in FY2011-12
    GS Yuasa’s sales increased 4.7% to JPY285.4bn (USD3.5bn, 31 March 2012) in FY2011-12, compared to JPY272.5bn (USD3.3bn, 31 March 2011) in FY2010-11, according to the company’s press release. Operating income during the year declined 8.9% to JPY16bn (USD194.4m) from JPY17.6bn (USD212.4m) in FY2010-11. Net profit, however, remained almost flat at JPY11.73bn (USD142.6m) compared to to JPY11.72bn (USD142.2m). Segment wise, domestic automotive batteries sales increased 0.2% to JPY60.4m (USD73...
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    Latest supplier investments
    Company Region Area of operation Comment GS Yuasa Thailand Battery 29 February 2012: GS Yuasa plans to expand the production capacity of its manufacturing plants in Thailand. The battery maker seeks to streamline the operations at its affiliates in Thailand. GS Yuasa will make intensive investments to expand its production capacity to meet the surging demand in Asia. GS Yuasa affiliate, Siam GS (SGS) Battery will invest THB56m (USD1.8m) at its new plant in Smuthprakarn Province of Thail...
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    GS Yuasa to supply lead-acid batteries to Toyota Aqua, Prius PHV
    GS Yuasa has won a contract to supply lead-acid auxiliary batteries to Toyota’s Aqua and Prius plug-in hybrid vehicle (PHV), says a company release. Aqua hybrid was introduced in Japan in December last-year, while Prius PHV was made available in January this-year. Hybrids use nickel-metal hydride and lithium-ion batteries as the main source of power, while lead-acid batteries provide auxiliary power to the hybrid system and the car electronics when the vehicle is on and to the car electronics ...
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    GS Yuasa to expand production capacity in Thailand
    GS Yuasa plans to expand the production capacity of its manufacturing plants in Thailand, says a company press release. The battery maker seeks to streamline the operations at its affiliates in Thailand, which are the key manufacturing sites for automotive, motorcycle, and forklift lead-acid batteries. GS Yuasa will make intensive investments to expand its production capacity to meet the surging demand in Asia. GS Yuasa affiliate, Siam GS (SGS) Battery will invest THB56m (USD1.8m) at its new...
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    GS Yuasa to supply lead-acid batteries to Daihatsu minivans
    GS Yuasa has bagged a contract to supply lead-acid batteries to Daihatsu Motor for the latter’s Move and Tanto minivans, according to a company press release. The M-42 lead-acid battery, based on the company’s thin-plate manufacturing technology, offers high output and charge acceptance and increased durability. Significance: Automakers are increasingly incorporating fuel-efficient components in their models to reduce CO2 emissions. One of the options to increase fuel efficiency is to use ...
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    GS Yuasa to boost lithium-ion battery output threefold for Honda—report
    GS Yuasa plans to ramp up lithium-ion battery output threefold to 15 million cells by fall 2012 for Honda’s hybrid vehicles, reports Nikkei. Significance: Lithium-ion battery market holds a lot of potential for the battery makers and GS Yuasa is set to capitalise on it. The supplier plans to pursue capacity hike by expanding its facilities at a Kyoto plant of Blue Energy, a joint-venture (JV) with Honda. The move is expected to cost JPY10bn (USD130.4m).  Presently, the facility produce...
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    GS Yuasa to supply lead-acid batteries to Suzuki
    GS Yuasa has won a contract to supply lead-acid automotive batteries to Suzuki Motor for its MR Wagon, Wagon R, Wagon R Stingray and Alto Eco models, according to a company press release. The M-42 lead-acid battery offers high output and charge acceptance and increased durability. The report states that Alto Eco equipped with M-42 offers highest fuel-efficiency rating among gasoline vehicles excluding hybrid vehicles. Significance: Globally automakers are striving to make their offerings fuel-...
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    GS Yuasa to supply lead-acid batteries for Honda N BOX minivans
    GS Yuasa has won a contract to supply lead-acid automotive batteries for Honda’s N BOX minivans, according to a company press release. The N BOX is part of the automaker’s new range of N series minivans launched in Japan late last year. The M-42 lead-acid battery, based on the company’s thin-plate manufacturing technology, offers high output and charge acceptance and increased durability. Significance: Globally automakers are striving to make their offerings fuel-efficient, in an effort t...
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    GS Yuasa to invest JPY30bn in lithium-ion JV with Mitsubishi
    GS Yuasa, along with its joint-venture (JV) partner Mitsubishi, will invest JPY30bn (USD385.6m) to boost the production of lithium-ion batteries for electric vehicles (EV) such as the i-MiEV, reports Reuters. The investment will increase the annual production capacity at the JV’s—Lithium Energy Japan—facility in Shiga Prefecture in western Japan by 6.5 million cells, the report said. The shipment for batteries is expected to start in the spring of 2013. The JV partners are reportedly loo...
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    GS Yuasa net income falls 5.2% to JPY2.4bn in H1 2011
    GS Yuasa’s net income in the first half (H1) ended 30 September decreased 5.2% to JPY2.4bn (USD31.3m, 30 September 2011) from JPY2.6bn (USD31m, 30 September 2010) for the same period in the corresponding year, according to a press release by the company. However, the company’s net sales went up 3% to JPY131.8bn (USD1.7m) compared with prior year’s H1 sales of JPY128bn (USD1.5m) on account of improved sales from the ASEAN region. Further, automakers in Japan also revived back production aft...
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    GS Yuasa Q1 net income falls 83.9% to USD1.62m
    GS Yuasa’s net sales in the second quarter (Q1) ended 30 June 2011 increased 1.9% to JPY60.3bn (USD745m, 30 June 2011) from JPY59.2bn (USD731m) in Q1 of 2010, according to a press release by the company. However, the company’s net income fell 83.9% to JPY131m (USD1.62m) compared with prior year’s Q1 net income of JPY814m (USD10m). Operating income also came under pressure falling 63.8% to JPY812m (USD10m) compared with JPY2.2bn (USD27.7m) a year ago. The demand for automotive batteries fo...
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    Mitsubishi looking for new suppliers of lithium-ion batteries—report
    Mitsubishi Motors is looking to source lithium-ion power packs used in its electric vehicles (EVs) and plug-in hybrids from outside, reports Automotive News. The company currently manufactures batteries for EVs in-house through its joint-venture (JV). Yoshikazu Nakamura, Global Head, EV strategy at Mitsubishi, revealed that the company is considering sourcing these batteries from Toshiba and South Korean brands besides others. Significance: Mitsubishi Motors is planning to launch its i EV in...
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    GS Yuasa aims USD6m in cost cutting through centralised procurement
    In a move aimed at slashing cost significantly, Japanese battery supplier GS Yuasa will centralise its procurement system for lead acid batteries manufactured by its parent GS Yuasa Group outside Japan. Earlier, the company’s manufacturing sites used to negotiate prices of raw materials used in producing batteries with their respective suppliers. However, under the new plan, the company’s procurement division will bargain prices with suppliers for all its plants, currently it’s being done ...
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    GS Yuasa Wins Contract to Supply Lithium-Ion Batteries to PSA Peugeot-Citroën
    Lithium Energy Japan will begin production of batteries at its upcoming plant in Ritto, Shiga Prefecture (Japan). The plant is expected to become operational in early 2012 and will have an annual capacity to produce sufficient batteries to meet the requirements of 50,000 vehicles.GS Yuasa will supply lithium-ion batteries to one of the PSA Group's manufacturing facilities in Spain for use in commercial electric vehicles. The Japanese battery manufacturer is expected to supply batteries through i...
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    Tata AutoComp unveils advanced automotive technologies
    Tata AutoComp Systems, part of Tata Group, has showcased advanced technologies for automotive applications. Displayed at the occasion of the company's 15th anniversary, the automotive products were developed in India as well as in partnership with global companies. The products unveiled include high end seating systems, interior parts, sheet metal components, parts made of composites, radiator designs and  solutions for hybrid and electric vehicles. Tata AutoComp plans to invest INR3bn ...
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    Latest Investments
    Company Region Area of Operation Comments ArvinMeritor Canada Truck parts 1 May 2009 - ArvinMeritor opened a new 100,000ft2-facility for Mascot truck parts in Mississauga, Ontario (Canada). The company combined its three facilities which remanufacture transmissions, drive axle carriers, drivelines and steering gears into one to create operational efficiencies. Consolidation of the facilities resulted in an increase of 20% to its production capacity for axle carriers and transmissi...
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    Lithium Energy Japan plans new battery facility
    Lithium Energy Japan plans to construct a new facility for producing batteries for Mitsubishi Motors. The facility will be based in Kusatsu, Shiga Prefecture. Lithium Energy Japan is a joint-venture between GS Yuasa Corporation, Mitsubishi Corporation and Mitsubishi Motors Corporation. The joint-venture company initially aimed at producing batteries for 2,000 vehicles at GS Yuasa’s main plant in Kyoto (Japan). Initially, the new facility will produce about 1 million lithium-ion cells a year, ...
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    Honda forms lithium battery venture with GS Yuasa
    Honda has started a joint venture with battery maker GS Yuasa to manufacture lithium-ion batteries for gasoline-electric hybrid vehicles. The OEM owns 49% stake in the unnamed venture, while the remaining stake lies with GS Yuasa. The venture, capitalised at ¥15bn (US$166.2m, 17 December 2008), will start operations by mid-2009 at GS Yuasa’s existing facility at Fukuchiyama, Kyoto (Japan). Headquarters will be located at Minami-ku, Kyoto (Japan). Batteries to be produced at the facility wil...
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    Mitsubishi to open lithium ion battery plant in Japan
    Mitsubishi Motors has announced that it will build a plant for lithium-ion batteries as the demand for such batteries is expected to see a fivefold increase. The plant will open after April 2009 and will produce 200,000 battery cells per annum to equip 2,000 vehicles. The company plans to increase capacity to supply to 10,000 vehicles as the demand for it’s i MiEV electric vehicle increases. Lithium Energy Japan, a joint-venture with GS Yuasa Corporation and Mitsubishi will run the plant. Th...
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    Volkswagen and Sanyo team up on battery technology
    Volkswagen AG and Sanyo Electric have agreed to jointly develop next generation batteries for hybrid vehicles. The move comes right after Toyota announced similar plans to manufacture lithium-ion batteries through its JV - Panasonic EV, last week. Sanyo has the biggest market share of lithium-ion batteries used in personal computers and mobile phones. Volkswagen is expecting mass production of batteries to start in 2009 which can be used in 2010 models. Sanyo will produce the batteries initia...
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    Latest joint-ventures
    Supplier JV Partner Location Comment Hero Motors Kiru Corporation India 13 December 2007 - Hero Motors Ltd formed a joint-venture with Kiriu Corporation of Japan. The newly formed company, Munjal Kiriu Industries Pvt. Ltd (MKIPL), will manufacture brake discs, drums and knuckles for automotive original equipment manufacturers (OEMs) at Manesar, Haryana (India).The two companies will invest INR2.4bn (US$60.9m, 13 December 2007) in the plant. Knorr-Bremse Kamaz Russia 10 December 20...
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