Establishment of New Lithium-ion Battery Plant in Hungary

News Release
Jan. 11, 2018
GS Yuasa Corporation

GS Yuasa Corporation (Tokyo Stock Exchange: 6674; “GS Yuasa”) hereby announces to establish a manufacturing subsidiary company, GS Yuasa Hungary Ltd. in Hungary and to construct a new plant for lithium-ion batteries.

Lithium-ion batteries will be assembled in a new plant with lithium-ion cells made in Japan. These batteries will be used for SLI (Starting, Lighting, and Ignition) applications which are expected to be expanded in the European market. GS Yuasa will also consider manufacturing lithium-ion cells in this plant in future.

1. Company name

GS Yuasa Hungary Ltd.

2. Location

Miskolc, Hungary

3. Establishment

October, 2017

4. Capital

3.5 million euro (about 455.0 million yen)

5. Investors

GS Yuasa International Ltd.    100%

6. Business

Development and manufacture of lithium-ion batteries

7. Land size

140,000 m2

8. Annual production capacity

500,000 batteries

 GS Yuasa will continue to respond to the market environment change in its extensive technologies. [Profile of GS Yuasa Hungary Ltd.]

 


1. External view of the new plant
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New Plant Site
2. New plant site

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For additional information, please contact:

GS Yuasa Lithium Power, Inc

1150 Northmeadow PKWY Suite 118 Roswell, GA 30076 USA 888.GSYUASA (888.479.8272) 678.892.7501 (fax) media@gsyuasa-lp.com

http://www.gsyuasa-lp.com