Asahi Kasei and Honda sign agreement to form battery separator joint venture in Canada

Asahi Kasei and Honda signed a shareholders' agreement to convert an existing Asahi Kasei subsidiary in Canada into a joint venture for lithium-ion battery separator production. Honda will invest approximately C$417 million (US$300 million) for a 25% stake. The joint venture is expected to start operations in early 2025.

“The two companies plan to convert E-Materials Canada Corporation into a joint venture between Asahi Kasei and Honda to be renamed Asahi Kasei Honda Battery Separator Corporation.”nasdaq.com

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• nasdaq.comAsahi Kasei and Honda Sign Shareholders’ Agreement to Convert Existing Asahi Kasei Subsidiary into Joint Venture for Production of Lithium-ion Battery Separators in Canada | NasdaqOct 31, 2024

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