Asahi Kasei and Honda have signed a shareholder agreement to establish a joint venture in Canada for producing lithium-ion battery separators. Honda will acquire a 25% stake in Asahi Kasei’s Canadian subsidiary, forming “Asahi Kasei Honda Battery Separator Corporation” (provisional name) with an investment of around CAD 417 million. This joint venture aims to create a stable supply of high-performance battery separators for electric vehicles in North America, with operations set to begin in early 2025.
Source: Here
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