With governments at home and around the world vigorously pushing development and deployment of electric vehicles and plug-in hybrids, Japanese battery manufacturer GS Yuasa says it plans to build a new lithium-ion battery manufacturing plant to increase its output. The company already is aligned with Mitsubishi in the Lithium Energy Japan joint venture to supply the Mitsubishi i-MiEV electric city car and with Honda through the Blue Energy Co. joint venture for hybrid batteries. It also has designs on becoming a global supplier to a variety of automakers, the Nikkei business news service reports. The new plant is expected to cost about 50-billion yen ($559 million) and could supply companies such as PSA Peugeot Citron, which recently announced a pair of electric city cars – one for the Peugeot brand and one for Citroen – based on the i-MiEV (right) . GS Yuasa also has said it is talking EV and PHEV battery supply deals with automakers in the U.S. The company has said it expects its lithium-ion battery sales to top $1 billion a year by 2016, up from around $34 million this year.
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Japan’s GS Yuasa Plans New Lithium Battery Plant on Expectation of EV Growth
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