Suzuki Motor, Toshiba and Denso on Friday 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 ($183.74-million) to set up the company, which would be formed this year.
Source: www.engineeringnews.co.za
Suzuki, Toshiba, Denso to start India lithium-ion battery JV