Report: GS Yuasa, Mitsubishi and Magna Planning JV for Automotive Li-ion Batteries in Europe
Green Car Congress
SEPTEMBER 17, 2010
Mitsubishi Corp. are planning to set up a joint venture for the European production of automotive Li-ion batteries. GS Yuasa reportedly will have a majority stake, Magna 20-40% and Mitsubishi the remainder. The three companies also aim to provide them to such Magna customers as Ford Motor Co.
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