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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 428,000 associates worldwide (as of December 31, 2023). According to preliminary figures, 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. As a leading IoT provider, Bosch offers innovative solutions for smart homes, Industry 4.0, and connected mobility. Bosch is pursuing a vision of mobility that is sustainable, safe, and exciting. It uses its expertise in sensor technology, software, and services, as well as its own IoT cloud, to offer its customers connected, cross-domain solutions from a single source. The Bosch Group’s strategic objective is to facilitate connected living with products and solutions that either contain artificial intelligence (AI) or have been developed or manufactured with its help. Bosch improves quality of life worldwide with products and services that are innovative and spark enthusiasm. In short, Bosch creates technology that is “Invented for life.” 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. The basis for the company’s future growth is its innovative strength. At 136 locations across the globe, Bosch employs some 90,000 associates in research and development, of which roughly 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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