Honda, GS Yuasa to invest over JPY400B to develop, produce EV cells, Nikkei says

Honda and Japanese battery maker GS Yuasa plan to invest over JPY400B to develop and manufacture cells for electric vehicles and homes in Japan through a joint venture slated to launch this year, Nikkei reports. The first mvoe will involve the two companies building a domestic lithium-ion battery plant with a target capacity of 2020 gigawatt-hours or more, the report notes. Reference Link