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Intelligent Energy and Suzuki Motor Corporation establish joint venture company to develop and manufacture fuel cell systems

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Intelligent Energy and the Suzuki Motor Corporation have created a joint venture company called SMILE FC System Corporation to develop and manufacture air-cooled fuel cell systems for a range of industry sectors. Under the terms of the contract, both companies will take a 50% stake in the joint venture. —Osamu Honda.

Suzuki 250
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Honda aiming to sell 3.5M electric motorcycles per year by 2030

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Honda will introduce more than 10 new electric motorcycle models by 2025, with an aim to reach annual electric motorcycle sales of 1 million units within the next five years, and 3.5 Honda has been offering the Honda e: Business Bike series models and accelerating the global launch of business-use electric motorcycles.

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American Suzuki restructures under Chapter 11; exiting auto market in US

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American Suzuki Motor Corporation (ASMC), the sole distributor in the continental United States of Suzuki Motor Corporation automobiles, motorcycles, all-terrain vehicles and marine outboard engines, will restructure under chapter 11.

Suzuki 225
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Volkswagen and Suzuki to Establish Strategic Partnership; VW to Take 19.9% Stake in Suzuki, Suzuki to Invest in VW

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Volkswagen AG and Suzuki Motor Corporation have signed a framework agreement to establish a close long-term strategic partnership. of Suzuki’s issued shares, in a deal worth about ¥200 billion (about US$2.3 Suzuki intends to invest up to one half of the amount received from Volkswagen into shares of Volkswagen.

Suzuki 210
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Suzuki and Intelligent Energy Showcase Burgman Fuel Cell Scooter in London Ahead of Fleet Tests in the UK

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Suzuki Motor Corporation nd Intelligent Energy jointly unveiled the Suzuki Burgman Fuel Cell Scooter ( earlier post ) in London’s Living Room, City Hall, London. The first public road tests of the Suzuki Burgman will be conducted initially at Loughborough.

Suzuki 210
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Agreement reached to standardize swappable batteries for electric motorcycles

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The Swappable Battery Consortium for Electric Motorcycles has reached an agreement to standardize swappable batteries and replacement systems, allowing battery sharing and paving the way for increased adoption of electric motorcycles in Japan. Suzuki Motor Corporation and Yamaha Motor Co., Kawasaki Heavy Industries, Ltd.,

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American Suzuki Motor receives bankruptcy court approval of up to $100M in Debtor-In-Possession (DIP) financing

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American Suzuki Motor Corporation (ASMC) has received court approval for Debtor-In-Possession (DIP) financing. As a result, the Company will be able to borrow up to $50 million for operations and up to $50 million for purchases of inventory from Suzuki Motor Corporation (SMC). Earlier post.)

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