{"id":26348,"date":"2023-04-27T15:39:26","date_gmt":"2023-04-27T15:39:26","guid":{"rendered":"https:\/\/lynettelockhart.com\/client\/japans-honda-gs-yuasa\/"},"modified":"2023-04-27T15:53:34","modified_gmt":"2023-04-27T15:53:34","slug":"japans-honda-gs-yuasa","status":"publish","type":"post","link":"http:\/\/lynettelockhart.com\/client\/japans-honda-gs-yuasa\/","title":{"rendered":"Japan’s Honda, GS Yuasa to invest $3 billion for battery development, build plant -Nikkei"},"content":{"rendered":"

TOKYO (Reuters) – Japanese automaker Honda Motor Co Ltd and battery maker GS Yuasa Corp will invest over 400 billion yen ($2.99 billion) and team up to produce batteries for electric vehicles (EVs) and homes, the Nikkei newspaper reported on Thursday.<\/p>\n

The companies will start by building a new plant in Japan, targeting a production capacity of at least 20 gigawatt hours (GWh), the Nikkei added, without citing sources. <\/p>\n

A joint-venture, which the companies unveiled in January, will play a central role in the development of batteries and materials as well as capital investment, the Nikkei said.<\/p>\n

Japan’s Ministry of Economy, Trade and Industry would provide a subsidy of about 150 billion yen, the newspaper added, without specifying whether that would be only for building the factory.<\/p>\n

A Honda spokesperson told Reuters the report was not something it had announced, and there was nothing it could answer about it at this point, while a ministry official said the same. GS Yuasa could not be immediately reached outside of regular office hours.<\/p>\n

($1 = 133.9700 yen)<\/p>\n

\n

(Reporting by Daniel Leussink, Maki Shiraki and Elaine Lies; Editing by Kirsten Donovan)<\/p>\n

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TOKYO (Reuters) – Japanese automaker Honda Motor Co Ltd and battery maker GS Yuasa Corp will invest over 400 billion yen ($2.99 billion) and team up to produce batteries for electric vehicles (EVs) and homes, the Nikkei newspaper reported on Thursday. The companies will start by building a new plant in Japan, targeting a production […]<\/p>\n","protected":false},"author":8,"featured_media":26349,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[1220],"tags":[1223],"class_list":["post-26348","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-u-s-technology","tag-updated"],"jetpack_featured_media_url":"http:\/\/lynettelockhart.com\/client\/wp-content\/uploads\/Reuters_Direct_Media\/USOnlineReportTechnologyNews\/tagreuters.com2023binary_LYNXMPEJ3Q0O3-VIEWIMAGE.jpg","_links":{"self":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/26348","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/comments?post=26348"}],"version-history":[{"count":2,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/26348\/revisions"}],"predecessor-version":[{"id":26467,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/26348\/revisions\/26467"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media\/26349"}],"wp:attachment":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media?parent=26348"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/categories?post=26348"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/tags?post=26348"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}