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Suzuki, Toshiba, Denso plan to form JV for automotive lithium-ion battery in India

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Corporate developments

Suzuki to hold 50% stake in JV, Toshiba will hold 40%, and Denso will hold 10%

Japan-based Suzuki Motor, Toshiba and Denso have reached a basic agreement to form a joint venture (JV) for producing automotive lithium-ion batteries in India, Denso announced in a press release on 14 April.

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