TOKYO -- Honda Motor and Japanese battery maker GS Yuasa will invest over 400 billion yen ($2.99 billion) to develop and mass-produce cells for electric vehicles and homes in Japan through a joint venture to be set up this year, Nikkei has learned.
Government to subsidize plant to prevent industry concentration in China, U.S.
Honda Motor and GS Yuasa are looking to produce lithium-ion batteries for electric vehicles in Japan. © Reuters
TOKYO -- Honda Motor and Japanese battery maker GS Yuasa will invest over 400 billion yen ($2.99 billion) to develop and mass-produce cells for electric vehicles and homes in Japan through a joint venture to be set up this year, Nikkei has learned.