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Home | Green Cars News | Technology | Blue Energy Starts Construction of New Hybrid Batteries Plant

Blue Energy Starts Construction of New Hybrid Batteries Plant

21 April, 2009 05:49:00

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Blue Energy Co., Ltd., a new joint venture company between GS Yuasa and Honda for the manufacturing, sales and R&D of lithium-ion batteries for hybrid vehicles, held a groundbreaking ceremony to mark the start of construction of its Osadano Plant in Fukuchiyama, Kyoto.

Last month, Honda and GS Yuasa Corporation signed a joint venture contract to establish a new joint venture company.

The new company, Blue Energy Co., Ltd., is the result of last December's basic agreement and series of discussions to determine concrete plans for the establishment of a joint venture company which will manufacture, sell and conduct R&D for high-performance lithium-ion batteries for applications with a central focus on hybrid vehicles.

The new plant is scheduled to begin production sometime around fall 2010.

Rendering of the Osadano Plant

About Blue Energy Co., Ltd.

Establishment	April 1, 2009
Headquarters	1, Inobanba-cho, Nishinosho, Kisshoin, Minami-ku, Kyoto
Capital	3 billion yen ($3bn US ) Future capital increase to 15 billion yen ($15bn US) is planned.
Capital Ratio	51% GS Yuasa Power Supply Ltd. (a wholly-owned subsidiary of GS Yuasa Corporation) 49% Honda Motor Co., Ltd.
Description of business	Manufacturing, sales and R&D of high-performance lithium-ion batteries
President and CEO	Masahiko Oshitani

About the new Osadano Plant

Location	1-37 Osadano-cho, Fukuchiyama, Kyoto (within the property of GS Yuasa's Osadano operation)
Lot Size	16,000m2
Investment amount	Approximately 25 billion yen ($25bn US)