New Partnership Focused on Battery Separators
Asahi Kasei and Honda Motor Co. finalized an agreement to create a joint venture in Canada. The venture will involve converting Asahi Kasei’s subsidiary, E-Materials Canada Corporation, into a collaborative business. The new entity, tentatively named Asahi Kasei and Honda Battery Separator Corporation, will focus on producing lithium-ion battery separators. These components are crucial for electric vehicle (EV) batteries.
Honda’s Investment and Partnership Details
Honda will acquire a 25% stake in E-Materials through a third-party share allotment. The company will invest C$417 million (approximately US$300 million) in the venture. Asahi Kasei and Honda collaboration will combine Asahi Kasei’s material technology expertise with Honda’s electrification efforts. The aim is to enhance battery durability and performance, supporting Honda’s EV production.
Expected Launch and Regulatory Process
The joint venture plans to begin operations in early 2025. This timeline is subject to regulatory approval. The new business will support Honda’s strategy to establish an EV supply chain in North America. This is a crucial part of Honda’s goal to achieve carbon neutrality by 2050.
Key Leaders and Industry Impact
Ryu Taniguchi, President of Asahi Kasei Battery Separator Corporation, emphasized the importance of this partnership. He stated that the venture will leverage both companies’ technological strengths. This collaboration aims to enhance North America’s battery separator supply and support sustainable EV production.
Contribution to Honda’s Electrification Strategy
This move aligns with Honda’s long-term electrification goals. The joint venture will strengthen the EV battery material supply chain and foster innovation. The stable supply of high-quality separators will aid in the region’s energy transition and support the growing EV market.
