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Robert Bosch GmbH Forms Lithium-ion Battery JV with GS Yuasa International and Mitsubishi Corp-Reuters

Wednesday, 19 Jun 2013 01:52pm EDT 

Reuters reported that Robert Bosch GmbH has agreed to work on lithium-ion batteries with GS Yuasa International Ltd. and Mitsubishi Corporation. The companies intend to set up a joint venture to conduct research and development and provide sales and marketing support to the three parent companies. The batteries will be used for zero-emission vehicles such as plug-in hybrids or electric cars. Plans call for the venture to start operations at the beginning of 2014, with Bosch's hometown of Stuttgart serving as the headquarters. Bosch will hold a 50% stake in the joint venture, with GS Yuasa and Mitsubishi Corporation each holding 25%. 

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650.0 +1.53%
30 Oct 2014