# 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.

- Type: Partnership
- Announced: 2024-10-31
- Where: Canada
- Value: $300.0M (417.0M CAD)
- Status: announced
- Products: lithium-ion battery separators
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Asahi Kasei](https://endata.com/companies/8888.md) (partner)
- [Honda Motor Co., Ltd.](https://endata.com/companies/16181.md) (partner)

## Sources

- [nasdaq.com](https://www.nasdaq.com/press-release/asahi-kasei-and-honda-sign-shareholders-agreement-convert-existing-asahi-kasei), 2024-10-31: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.