Japan: Magna and Yuasa in car battery venture talks

Canadian auto parts maker Magna International is rumoured to be holding joint venture talks with Japanese electric car battery maker GS Yuasa Corp. The proposed venture reportedly concerns the production of lithium-ion (li-ion) batteries in Europe, with a combined investment of ¥40bn (US$466m) to establish a factory in either Austria or Subscribe to Automotive World … Continued

• By Webmaster
• September 17, 2010