Suzuki, Toshiba and Denso to form JV to produce automotive Li-ion battery packs in India

Suzuki Motor Corporation, Toshiba Corporation, and Denso Corporation have reached basic agreement on establishing a joint venture company for production of automotive lithium-ion battery packs in India, and signed the agreement. The initial capital expenditure will be ¥20 billion (US$184 million).Brought to you by: EV Driven

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