· Toshiba and Suzuki will establish a joint venture lithium battery in India

According to a Reuters report on April 14, Suzuki Motor Co., Toshiba Corporation and Denso Co., Ltd. will establish a joint venture company this year to manufacture lithium batteries in India.
Suzuki said in a statement on Friday that the three companies "signed an agreement", the initial investment of the joint venture is about 20 billion yen (about 184 million US dollars), and the shareholding ratio of Suzuki, Toshiba and Denso respectively 50%, 40% and 10%. It is reported that this will be the first large-scale joint venture in India to focus on the manufacture of lithium batteries for vehicles.
The compact said that the compact car is the mainstream model in the Indian automotive market, the introduction of sustainable technology is necessary for such affordable models. The joint venture of three companies will promote sustainable vehicles in India. In the process of ensuring the stability of the lithium battery pack, in response to the Indian government's 'Made in India' plan." It is understood that in the past 30 years, Suzuki passenger cars accounted for more than 46% of the Indian car market share.

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