GS Yuasa to set up Hungary plant for automotive lithium ion batteries

GS Yuasa

11/01/2018 07:31

TOKYO, Jan 11 (Reuters) - Japanese battery maker GS Yuasa 
Corp  6674.T  said on Thursday it would set up a factory in 
Hungary that would assemble automotive lithium ion batteries. 
    The company will assemble batteries made in Japan at the new 
factory, but in the future will consider manufacturing them on 
site as well, the company said in a statement. 
    Electric vehicles have gotten a boost as a greener 
alternative to conventional cars as European governments move to 
ban the sale of gasoline and diesel cars over the next few 
decades.  urn:newsml:reuters.com:*:nL5N1KH21I  
 
 (Reporting by Minami Funakoshi; Editing by Chris Gallagher) 
 ((minami.funakoshi@thomsonreuters.com; +81-3-6441-1386; Reuters 
Messaging: minami.funakoshi.reuters.com@reuters.net, 
twitter.com/MinamiFunakoshi)) 
 
Keywords: JAPAN GS YUASA/HUNGARY