These batteries are the fundamental basis for the hybrid and electric vehicles that will shape the future of mobility. The goal is to significantly increase the energy content of the batteries through intelligent cell management and advances in the fields of electrochemistry and materials. This would reduce the weight and size of the batteries while simultaneously increasing the range of electric vehicles.  
To achieve this, the three companies plan to create a joint venture for research and development, as well as to provide support to the parent companies in sales and marketing. The joint venture is scheduled to launch in early 2014. The headquarters of the new company would be in Stuttgart, Germany. The agreement is pending approval from competition authorities.
Bosch will contribute its expertise in production processes and quality management for large-scale manufacturing of complex products. With its expertise in battery packs and battery management systems, Bosch specializes in the control and regulation of cells and the overall system, as well as their integration into vehicles. Furthermore, Bosch supports the joint venture with its entire portfolio of components for electric mobility.
GS Yuasa contributes to the project with its extensive experience in manufacturing high-energy-density lithium-ion cells for extended range and integrates its expertise in materials systems and electrochemistry. As a supplier of battery cells to the automotive and other sectors, GS Yuasa has a strong team of development engineers and modern, highly automated production lines.      
Mitsubishi Corporation will provide its global sales network and expertise as a globally operating group. In addition, Mitsubishi leverages its capabilities in creating global value chains encompassing raw materials, finished goods, and marketing to drive this new venture forward. 

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