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Stock impact report

Suzuki to acquire Kanadevia's all-solid-state battery business [Yahoo! Finance]

SUZUKI MOTOR CO UNSP/ADR (SZKMY) 
NASDAQ:AMEX Investor Relations: globalsuzuki.com/ir
Company Research Source: Yahoo! Finance
Kanadevia, an industrial and engineering company based in Osaka, Japan, began developing all-solid-state lithium-ion batteries in 2006. The business being transferred includes activities related to technology development, design and sales of all-solid-state lithium-ion batteries. Following completion of the deal, Suzuki will take over the technologies developed by Kanadevia and continue their development. The batteries are manufactured using a proprietary dry production process and are designed to provide high safety standards, including eliminating the risk of liquid leakage. The technology is also intended to offer strong resistance to environmental conditions and stable operation across a wide temperature range. Completion of the transaction is subject to the fulfilment of customary closing conditions. The companies did not disclose the business's financial details, including assets and liabilities, nor the acquisition price, and said the deal will be settled in cash. Show less Read more
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