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Monday, May 14, 2007

Mitsubishi to establish new company to manufacture Lithium-ion batteries

Mitsubishi to establish new company to manufacture Lithium-ion batteries

Tuesday, 08 May 2007

GS Yuasa Corporation, Mitsubishi Corporation, and Mitsubishi Motors Corporation have begun collaboration on establishing a joint venture company to manufacture large capacity and high performance Lithium-ion batteries that can be used in electric vehicles (EV). The three partners aim to complete the details and set up the new company sometime within half a year.

Application of Large Lithium-ion batteries is expected to increase dramatically across a wide variety of industries, including automobiles. Construction of systems that can quickly meet these market needs has become a vital issue.

Read the full report from here @ Green Vehicle News

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