KUALA LUMPUR (March 30) : Battery manufacturer Yokohama Industries Bhd has roped in Singapore-listed GP Batteries International Ltd as a joint venture (JV) partner to manufacture and trade thin metal film (TMF) lead acid batteries.
In a statement to Bursa Malaysia on Friday, Yokohama said both companies will establish a JV firm where Yokohama and GP will own 70% and 30% respectively. The collaboration was formalised via a JV agreement between Yokohama Industries 100%-owned unit Yokohama Ventures Sdn Bhd and GP’s 80%-owned subsidiary Bolder Technologies Pte Ltd.
“The JV will allow Yokohama to gain access to Bolder’s TMF TECHNOLOGY []. Currently, the 1AH TMF battery produces a cold cranking amperes output equivalent to that of a lead acid starter battery.
“By combining TMF and Yoko’s current battery know-how, there are possibilities in developing high-powered batteries both for cranking and start-stop applications. Nearly all start-stop applications employ supercapacitors paired with an absorbed glass mat battery,” Yokohama Industries said.
In a statement to Bursa Malaysia on Friday, Yokohama said both companies will establish a JV firm where Yokohama and GP will own 70% and 30% respectively. The collaboration was formalised via a JV agreement between Yokohama Industries 100%-owned unit Yokohama Ventures Sdn Bhd and GP’s 80%-owned subsidiary Bolder Technologies Pte Ltd.
“The JV will allow Yokohama to gain access to Bolder’s TMF TECHNOLOGY []. Currently, the 1AH TMF battery produces a cold cranking amperes output equivalent to that of a lead acid starter battery.
“By combining TMF and Yoko’s current battery know-how, there are possibilities in developing high-powered batteries both for cranking and start-stop applications. Nearly all start-stop applications employ supercapacitors paired with an absorbed glass mat battery,” Yokohama Industries said.
