OSAKA (Kyodo) GS Yuasa Corp. has reached a broad agreement to supply lithium-ion batteries for electric vehicles now under joint development by PSA Peugeot Citroen and Mitsubishi Motors Corp., the battery maker said Friday.

GS Yuasa will make the batteries at the Shiga Prefecture plant of Lithium Energy Japan, its joint venture with MMC and Mitsubishi Corp., it said.

The EVs developed by the French and Japanese carmakers are based on Peugeot’s gasoline-powered car built in Spain. The two firms aim to begin production by the end of 2012.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.