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Lithium Energy and Power GmbH & Co KG concludes research and development work on battery technology

  • Lithium Energy and Power GmbH & Co KG: joint venture of Bosch, GS Yuasa, and Mitsubishi Corporation
  • Lithium-ion technology successfully taken forward
  • Companies to use insights for future activities
Joern Ebberg

Joern Ebberg >

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Stuttgart, Kyoto, and Tokyo – The Lithium Energy and Power GmbH & Co KG (LEAP) joint venture’s research and development work has been concluded. Robert Bosch GmbH (Stuttgart, Germany) and the Japanese companies GS Yuasa International Ltd., based in Kyoto, and Mitsubishi Corporation, based in Tokyo, set up the joint venture in November 2013 with the aim of jointly researching and developing the next generation of lithium-ion battery technology. Since then, the partners have jointly pooled their expertise and added to the body of knowledge relating to lithium-ion technology.

As the development work has now been concluded, and LEAP has decided not to step into the production of the next generation of lithium-ion batteries, all shareholders have agreed and decided to dissolve the joint venture. The associates are now returning to their parent companies. Bosch, GS Yuasa, and Mitsubishi Corporation will use the insights gained in their joint venture for future activities.

In recognition of the good relationship established in the course of the joint venture, the three parties wish to continue to collaborate in the future.

Mobility is the largest Bosch Group business sector. According to preliminary figures, it generated sales of 56.3 billion euros in 2023, and thus contributed almost 60 percent of total sales. This makes the Bosch Group one of the leading automotive suppliers. The Mobility business sector pursues a vision of mobility that is safe, sustainable, and exciting. For its customers, the outcome is integrated mobility solutions. The business sector’s main areas of activity are injection technology and powertrain peripherals for internal-combustion engines, diverse solutions for powertrain electrification, vehicle safety systems, driver-assistance and automated functions, technology for user-friendly infotainment as well as vehicle-to-vehicle and vehicle-to-infrastructure communication, repair-shop concepts, and technology and services for the automotive aftermarket. Bosch is synonymous with important automotive innovations, such as electronic engine management, the ESP anti-skid system, and common-rail diesel technology.

The Bosch Group is a leading global supplier of technology and services. It employs roughly 429,000 associates worldwide (as of December 31, 2023). The company generated sales of 91.6 billion euros in 2023. Its operations are divided into four business sectors: Mobility, Industrial Technology, Consumer Goods, and Energy and Building Technology. With its business activities, the company aims to use technology to help shape universal trends such as automation, electrification, digitalization, connectivity, and an orientation to sustainability. In this context, Bosch’s broad diversification across regions and industries strengthens its innovativeness and robustness. Bosch uses its proven expertise in sensor technology, software, and services to offer customers cross-domain solutions from a single source. It also applies its expertise in connectivity and artificial intelligence in order to develop and manufacture user-friendly, sustainable products. With technology that is “Invented for life,” Bosch wants to help improve quality of life and conserve natural resources. The Bosch Group comprises Robert Bosch GmbH and its roughly 470 subsidiary and regional companies in over 60 countries. Including sales and service partners, Bosch’s global manufacturing, engineering, and sales network covers nearly every country in the world. Bosch’s innovative strength is key to the company’s further development. At 136 locations across the globe, Bosch employs some 90,000 associates in research and development, of which nearly 48,000 are software engineers.

Additional information is available online at www.bosch.com, www.iot.bosch.com, www.bosch-press.com.

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