GS Yuasa and Honda Sign Li-Ion Pact
Date: March 24, 2009 07:23
Honda Worldwide Press Release
TOKYO, Japan, March 24, 2009 - GS Yuasa Corporation and Honda Motor Co., Ltd. today signed a joint venture contract to establish a new joint venture company. 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)
Last edited by JeffX on
March 24, 2009 07:36