Japanese automaker Suzuki Motor announced on Wednesday it will acquire the solid-state battery business from engineering company Kanadevia The deal, set to take effect on July 1, is part of Suzuki's push to adopt advanced battery technology for its electric vehicles
The announcement, made in Tokyo, signals the company's intent to strengthen its position in the evolving EV market by incorporating more advanced technology into its future vehicle offerings
This move aligns with Suzuki's established "multi-pathway" strategy, which focuses on utilizing different types of fuels to lessen the company's environmental footprint By acquiring Kanadevia's specialized unit, Suzuki is taking a significant step to secure key technology for its future electrification efforts
Financial details of the transaction were not provided in the announcement
ISN MEDIA
