Language
Honda, Asahi Kasei Form Battery JV - The EV Report

News

HomeHome / News / Honda, Asahi Kasei Form Battery JV - The EV Report
search
RECENT NEWS

Apr 30, 2023

What can you recycle? Find your recycling mistakes in this quiz.

May 10, 2023

Super Nasty: Southern New England Bathes in Toxic Waste

May 14, 2023

Nuclear Moisture Separator Reheaters Market: Segmentation, Competitive Landscape, and Porter’s Five Forces

May 26, 2023

Metso Outotec introduces portfolio of magnetic separators

May 22, 2023

Minimise waste and maximise your profits with BlakerTech • Recycling International

SEND YOUR INQUIRY
SUBMIT

Nov 04, 2024

Honda, Asahi Kasei Form Battery JV - The EV Report

Sign up for our popular daily email to catch all the latest EV news ! In a significant step for the North American electric vehicle (EV) market, Asahi Kasei Corporation and Honda Motor Co., Ltd. have

Sign up for our popular daily email to catch all the latest EV news!

In a significant step for the North American electric vehicle (EV) market, Asahi Kasei Corporation and Honda Motor Co., Ltd. have signed a shareholders’ agreement to establish a joint venture for lithium-ion battery separator production in Canada. This agreement follows ongoing discussions between the two companies, building on a basic collaboration framework announced in April 2024.

Key Highlights of the Agreement:

Under the agreement, Honda will acquire its share through a third-party allotment of new shares in E-Materials, now expected to be renamed as the joint venture progresses. This joint venture will leverage Asahi Kasei’s material technology and Honda’s electrification expertise to produce battery separators aimed at improving EV performance and durability in line with Honda’s commitment to carbon neutrality by 2050.

The two companies anticipate operational launch of the new entity by early 2025, pending necessary regulatory approvals. Production at the integrated facility is set to commence by 2027, with expected capacity reaching 700 million square meters annually of Hipore™ coated film separators.

In a statement, Ryu Taniguchi, President of Asahi Kasei Battery Separator Corp., highlighted the venture’s potential to support sustainable EV development and strengthen North American supply chains:

“Our partnership will not only establish stable supply of separators in North America, together we will enhance battery performance and durability to advance the energy transition through electric vehicles, making an important contribution to sustainability.”

The move aligns with Honda‘s broader strategy to invest nearly CAD$15 billion (USD$11 billion) to create an EV value chain in Canada.

Sign up for our popular daily email to catch all the latest EV news!

The EV Report is a digital platform dedicated to the global electric vehicle industry. It is a product of Hagman Media Group, and its mission is to inform, engage, and connect industry professionals and EV enthusiasts with relevant news and insights.

Sign up for our popular daily email to catch all the latest EV newsAsahi Kasei CorporationHonda Motor Co., Ltd.joint venture for lithium-ion battery separator production in CanadaKey Highlights of the Agreement:Conversion of E-Materials CanadaInvestmentC$417 millionName and LocationAsahi Kasei Honda Battery Separator CorporationPort Colborne, OntarioFocus on High-Quality Separatorshigh-value material and electrification technologiesthird-party allotment of new sharesAsahi Kasei’s material technologyelectrification expertiseEV performance and durabilitycarbon neutrality by 2050early 2025Production at the integrated facility2027700 million square meters annuallyRyu Taniguchi, President of Asahi Kasei Battery Separator Corp.sustainable EV developmentstrengthen North American supply chainsPlant Investment180 billion yenProduction Facilitybase film manufacturing and Hipore™ separator coatingCapital StructureCAD$15 billionSign up for our popular daily email to catch all the latest EV news