The Nikkei reports that Lithium Energy Japan, the joint venture beween GS Yuasa Corp., Mitsubishi Corp. and Mitsubishi Motors Corp. will build a plant to boost production capacity by 70%. The new Lithium Energy Japan factory will be capable of producing 4.4 million lithium-ion battery cells a year, or enough to power 50,000 electric vehicles.
Lithium Energy Japan is currently manufacturing automotive lithium ion batteries at small factories in Kusatsu, Shiga Prefecture, and the city of Kyoto. Their combined output capacity is only enough for about 18,000 vehicles annually. But the overall figure is expected to climb to 70,000 once the plant under construction kicks off operations in April.
With the second plant entering the picture, the company’s total output capacity will rise to enough for equipping 120,000 EVs a year. Lithium Energy Japan has been supplying its output to Mitsubishi Motors and the PSA Peugeot Citroen Group of France.