Robert Bosch, Mitsubishi and GS Yuasa creates battery JV

Article by Anita Panait, on June 24, 2013

Robert Bosch GmbH is partnering with Mitsubishi Corp. and Japanese battery maker GS Yuasa International Ltd. to work on an auto lithium ion battery development project. The three companies are planning to create a joint venture that will conduct research and development as well as provide sales and marketing support to the three parent firms, Bosch said in a statement.

The batteries produced by the joint venture will be used to power vehicles like plug-in hybrids or electric cars. Bosch will own 50 percent of the joint venture, with Mitsubishi and GS Yuasa each holding a 25-percent stake.

The composition of the joint venture’s management and supervisory boards will reflect these stakes. The joint venture will commence operations early 2014 and will have its headquarters in Bosch hometown of Stuttgart in Germany.

The new joint venture will be Bosch's second try at forming a lithium ion battery business with an Asian partner.

Bosch previously had a 50-50 joint venture with South Korean battery maker Samsung SDI Co. -- SB LiMotive Co.  The battery company, however, bought out Bosch’s 50-percent holdings in SB LiMotive for $95 million. [source: Reuters]

If you liked the article, share on:

Comments

Recommended

Nissan is commencing sales of the 2019 Nissan Altima on October 3, 2018 in the United States. As expected, the Japanese carmaker has already divulged the details and specs of...
by - November 26, 2018
Sports utility vehicles are still in heavy demand. Ford knows this very well as the American carmaker has seen sales of its SUVs surge dramatically by 28 percent in the...
by - November 26, 2018
BMW’s European customers who are looking forward to have a new range extender version of the 2019 BMW i3 (BMW i3 REx) will have to bear a bad news from...
by - November 26, 2018
Imagining the future of automotive luxury more than three decades from now seems to be a daunting task. It would be hard for a typical person imagine such future without...
by - November 21, 2018
Can a Dacia Duster be compared with a Ford Mustang? It would be difficult to do so as these vehicles compete in different categories and segments, have different price points...
by - November 20, 2018