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Report: GS Yuasa, Mitsubishi and Magna Planning JV for Automotive Li-ion Batteries in Europe

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are planning to set up a joint venture for the European production of automotive Li-ion batteries. Costing 40 billion yen [US$466 million] or so, their factory will likely be one of the largest electric-vehicle lithium ion battery plants in Europe and is to be built in Spain or Austria. The Nikkei reports that GS Yuasa Corp.,

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Lithium Energy Japan Building Second Li-Ion Plant for Mitsubishi i MiEV

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The joint venture will spend ¥2-3 billion (US$21-32 million) to build the lithium-ion battery factory in Kyoto. Lithium Energy Japan, a joint venture between GS Yuasa Corp., Mitsubishi Motors Corp. and Mitsubishi Corp. Earlier post.). In April, Blue Energy Co., Earlier post.).

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