Suzuki Motor Corporation has agreed to acquire Kanadevia Corporation to acquire Kanadevia’s all-solid-state lithium-ion battery business.
The acquisition will formally take place with effect from July 1 2026, subject to the fulfillment of customary closing conditions.
Kanadevia has been engaged in the development of all-solid-state lithium-ion batteries (AS-LiB) since 2006.
The company’s batteries are manufactured using a proprietary dry process, developed to provide high safety with no risk of liquid leakage, environmental resistance and stable operation across a wide temperature range.
Semiconductor manufacturing
The company says these characteristics give the batteries a strong advantage for applications in special environments such as outer space, high temperatures, and vacuum conditions.
In 2022, the batteries were tested at the International Space Station as part of a demonstration study.
In recent years, the company has been accelerating its semiconductor manufacturing business, in parallel with the development of the 1,000 mAh type.
Kanadevia points out that competition in the all-solid-state lithium-ion batteries sector has intensified significantly in recent years, increasing the need for rapid advancement in the performance of AS-LiB, the establishment of mass production capabilities, and the strengthening of its sales framework.
Growth in the industrial sector
After evaluating a variety of potential partnerships, the company concluded that transferring the business to Suzuki would best enable further advancement of its all-solid-state lithium-ion batteries technology and contribute to growth in the industrial sector.
The acquisition will incorporate the research, development, design and sales of all-solid-state lithium-ion batteries.
Kanadevia has head offices in Osaka and Tokyo, Japan.
