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MHI to sell battery manufacturing business

Fri, 04/25/2014 - 08:51 -- Tildy Bayar
MHI to sell battery manufacturing business

Mitsubishi Heavy Industries (MHI) is to sell its battery manufacturing business and focus instead on grid-tied energy storage.

The purchaser is Taiwanese firm Delta Electronics. The two companies said they have finalized a deal giving Delta Mitsubishi’s rechargeable lithium-ion battery manufacturing concern, including machinery. The two companies will continue to work together to further develop the battery business, they said.

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