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Suzuki, Toshiba, Denso to start India lithium-ion battery JV

Suzuki, Toshiba, Denso to start India lithium-ion battery JV

Friday, April 14, 2017, 1:34 PM

Suzuki Motor Corp, Toshiba Corp, and Denso Corp said they would form a joint venture to produce lithium-ion batteries for automobiles in India, where auto emission regulations are tightening to deal with pollution problems. The three companies said in a joint statement that they would spend a total of 20 billion yen to set up the company, which would be formed this year.
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