Mexican Media Brands
Suzuki Buys Stake in Japanese Battery Maker
Suzuki Motor Corp. has acquired a 1 billion yen ($12 million) minority stake in Eliiy Power Co.
Share
Suzuki Motor Corp. has acquired a 1 billion yen ($12 million) minority stake in Eliiy Power Co. Ltd., a Japanese developer of high-capacity lithium-ion batteries for home use, The Nikkei reports.
Suzuki is part of a group of five companies that invested a combined 2.8 billion-yen ($34 million) in the maker of stationary backup batteries.
Eliiy signed an equity deal with Sharp Corp. in 2008 to develop lithium-ion batteries and launched production in 2010. The 6-year-old company is erecting a second, $185 million battery factory in Japan that will be able to make one million cells per year five times the capacity of the first facility.
The company says it hopes to eventually produce batteries for electric vehicles.
RELATED CONTENT
-
Multiple Choices for Light, High-Performance Chassis
How carbon fiber is utilized is as different as the vehicles on which it is used. From full carbon tubs to partial panels to welded steel tube sandwich structures, the only limitation is imagination.
-
Cobots: 14 Things You Need to Know
What jobs do cobots do well? How is a cobot programmed? What’s the ROI? We asked these questions and more to four of the leading suppliers of cobots.
-
When Automated Production Turning is the Low-Cost Option
For the right parts, or families of parts, an automated CNC turning cell is simply the least expensive way to produce high-quality parts. Here’s why.
