March 6, 2026: Suzuki Motor Corporation is set to acquire all-solid-state Li battery tech business of Japan’s Kanadevia Corporation for an undisclosed cash deal.

Suzuki said on March 4 that it had entered into a business transfer agreement with Osaka-based Kanadevia to acquire the firm’s all-solid-state lithium ion battery business, effective July 1, 2026.

The auto firm is keen to boost development of next-generation battery technologies for EVs.
Kanadevia, formerly Hitachi Zosen Corp, started developing the battery business in 2006 using its proprietary dry manufacturing process.

The battery developer said its batteries offer high safety, including the absence of liquid leakage, excellent environmental resistance, and operation across a wide temperature range.

These characteristics make them particularly strong for specialized applications such as in aerospace or in high-temperature, vacuum conditions, Kanadevia said.

Suzuki said it plans to further develop the battery technology, although did not disclose details.

However, the company will join an ever-increasing cohort of car giants keen to develop solid-state battery tech for future vehicles.

In 2024, management consultants Bain & Co said solid state lithium and sodium ion batteries would be the only commercialized emerging technologies by 2030.

However, the company said their joint share of the global battery market would still be small, and since they are still in the prototype and pilot manufacturing stages forecast their market share would stay in the single digit range until 2030.