Suzuki acquires solid-state battery business from Japanese engineering technology company Kanadevia

Suzuki Motor Corporation announced its acquisition of the solid-state battery business of Japanese engineering technology company Kanadevia, aiming to introduce advanced battery technology. The acquisition price was not disclosed, but Kanadevia expects to receive approximately 7.4 billion yen in revenue. Suzuki will officially take over the business on July 1st, encompassing all operations including battery technology research and development, design, and sales. Solid-state batteries have garnered significant attention due to their high energy density and safety. Suzuki plans to launch electric vehicles equipped with solid-state batteries within the next few years.