# Asahi Kasei and Honda 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 to produce lithium-ion battery separators. Honda will invest approximately C$417 million (US$300 million) for a 25% stake.

- Type: Partnership
- Announced: 2024-12-10
- Where: Canada, 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

- [airfreight.news](https://airfreight.news/articles/full/asahi-kasei-and-honda-sign-shareholders-agreement-to-convert-existing-asahi-kasei-subsidiary-into-joint-venture-for-production-of-lithium-ion-battery-separators-in-canada), 2024-12-10: "The two companies plan to establish and start the operation of the joint venture company in early 2025, subject to obtaining permits and approvals from relevant authorities."

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