By Yuiko Sakashita / Yomiuri Shimbun Staff Writer

Kanadevia Corp. will sell its all-solid-state battery business to Suzuki Motor Corp., it was announced Wednesday.

Although Kanadevia had been engaged in the technology's development since 2006, it determined amid intensifying competition that selling the business to Suzuki, which handles electric vehicles (EVs), would lead to the advancement of its accumulated technological expertise.

The business will be transferred in July. The sale price is undisclosed, but Kanadevia expects to report a gain of 7.4 billion yen on the sale in its consolidated financial results for the fiscal year ending March 2027.

All-solid-state batteries use a solid electrolyte instead of a liquid electrolyte for conducting electricity. Since they offer high durability, they are expected to be used in environments such as outer space.

Kanadevia is advancing reforms to its business structure, and, as part of such efforts, announced in February that it would withdraw from the bridge construction business.

----

This article is from The Yomiuri Shimbun. Neither Dow Jones Newswires, MarketWatch, Barron's nor The Wall Street Journal were involved in the creation of this content.

YDN-M0000184886-1

(END) Dow Jones Newswires

March 05, 2026 03:57 ET (08:57 GMT)

Copyright (c) 2026 The Yomiuri Shimbun