# Asahi Kasei and Honda sign agreement for lithium-ion battery separator JV in Canada

Asahi Kasei and Honda signed a shareholders' agreement to convert Asahi Kasei's Canadian subsidiary E-Materials Canada Corporation into a joint venture for lithium-ion battery separator production. Honda will invest approximately C$417 million (US$300 million) for a 25% stake.

- Type: Partnership
- Announced: 2024-11-01
- 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)
- [E-Materials Canada Corporation](https://endata.com/companies/80818.md) (target)

## Sources

- [global.honda](https://global.honda/en/newsroom/news/2024/c241101eng.html), 2024-11-01: "Honda will invest a total of approximately C$417 million (approximately US$300 million) combining the subscription of new shares and other investment in this joint venture."

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