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3 FAQs about [Eliiy power co ltd St Vincent and Grenadines]
Why did Suzuki invest 1 billion in eliiy power?
In 2012, Suzuki invested ¥1 billion in ELIIY Power, a company that manufactures large-size lithium-ion batteries and electricity storage systems, to exchange technologies. As a result of the signing of the agreement, Suzuki will make an additional investment of ¥10 billion in ELIIY Power and become the largest shareholder with 21.59% of shares.
What funds will eliiy power procure from Suzuki?
The funds ELIIY Power will procure from Suzuki will be used mainly for capital investment and joint development. ELIIY Power was established in 2006 with the aim of commercializing large-size lithium-ion batteries that can be used in both stationary battery storage and mobility applications.
Why is Suzuki partnering with eliiy power?
Through this partnership with ELIIY Power, Suzuki aims to accelerate the electrification of mobility, create customer-focused products and services, and contribute to a sustainable carbon-neutral society through the use of renewable energy.