Mitsubishi Heavy Industries To Withdraw From Lithium-Ion Battery Production?

APR 20 2014 BY MARK KANE 6

Mitsubishi Heavy Industries EV bus

Mitsubishi Heavy Industries EV bus

According to a Nikkei Business article, Mitsubishi Heavy Industries is facing a lack of demand for its lithium-ion batteries for EVs and is considering withdrawal from this line of business.

The Japanese company is reportedly conducting negotiations with a Taiwanese company to sell battery equipment installed in Mitsubishi Heavy’s Nagasaki Shipyard & Machinery Works back in 2010.

Production capacity was relatively small at just 66,000 kWh annually, so maybe the small scale made it problematic to compete with other manufacturers?

Mitsubishi Heavy Industries produces batteries for forklifts and electric buses, but we are guessing sales probably weren’t high enough for Mitsubishi to move forward with this side of its business.

This withdrawal will have no impact on Mitsubishi’s electric vehicles since none of them use Mitsubishi Heavy lithium-ion batteries.

Source: Nikkei Business

Categories: Mitsubishi


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6 Comments on "Mitsubishi Heavy Industries To Withdraw From Lithium-Ion Battery Production?"

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So, apparently, their batteries weren’t good enough for their own EVs?

Mitsu’s EVs use batteries from Lithium Energy Japan. LEJ is a joint venture between Mitsubishi and GS Yuasa.

Simple decision: Get rid of a failing business by selling it off before it goes to bankruptcy and it gets you nothing but Lawyer fees.

Mitsubishi is such a crazy-big company who has its hands in everything, that I’m not surprised some of its ventures don’t pan out.

Mitsubishi, Daimler, and a few other manufactures/ventures couldn’t quite make it work. Meanwhile Tesla is going to spend billions on a factory for product only they seem to want or think makes economic sense.

@MoxP – You do understand that Tesla must build a battery plant if it wants to sell it’s third generation car anywhere near the $35 – 40K price it wants and the volume it expects at that price.