Suzuki and PowerX has Partnered to explore Business Opportunities
Suzuki Motor Corporation has agreed with PowerX, Inc. (Headquarters: Minato City, Tokyo, Director, President & CEO: Masahiro Ito, hereinafter “PowerX”), a company that manufactures and sells battery energy storage systems, to start exploring business partnership opportunities.
Japan and India are faced with common challenges including realization of carbon neutrality through utilizing non-fossil fuel and renewable energy, as well as improvement of energy self-sufficiency. Also, both countries are in need of charging solutions to promote the adoption of electric vehicles (EVs) in the coming years.
Suzuki and PowerX have agreed and signed a memorandum of understanding to explore possibility of business partnership utilizing battery energy storage systems and ultrafast EV charger in Japan and India. Through this, the two companies aim to contribute to the realization of a carbon-neutral society by expanding the use of renewable energy and promoting the adoption of EVs.
PowerX manufactures, sells and provides services using its proprietary battery products for energy storage, ultrafast EV charging, home and marine applications. Additionally, the company is building its own GW scale battery plant in Okayama prefecture.
Suzuki will consider specific details of the collaboration with the aim of becoming a lifestyle infrastructure company that provides solutions based on a broad perspective of not only the products themselves, but also the entire environment related to the products, including the infrastructure and systems where the solutions are applied.
Suzuki
Suzuki Motor Corporation is a Japanese multinational corporation headquartered in Minami-ku, Hamamatsu, Japan.Suzuki manufactures automobiles, motorcycles, all-terrain vehicles (ATVs), outboard marine engines, wheelchairs and a variety of other small internal combustion engines. In 2016, Suzuki was the eleventh biggest automaker by production worldwide.Suzuki has over 45,000 employees and has 35 production facilities in 23 countries, and 133 distributors in 192 countries. The worldwide sales volume of automobiles is the world’s tenth largest, while domestic sales volume is the third largest in the country.
Source: Suzuki Motor Corporation
