Suzuki Acquires Kanadevia’s Solid-State Battery Business to Accelerate EV Development
Tokyo – Suzuki Motor Corporation announced on March 4, 2026, that it has entered into a business transfer agreement to acquire the all-solid-state lithium-ion battery business of Kanadevia Corporation. The acquisition aims to bolster Suzuki’s electric vehicle (EV) development and secure advanced battery technology. Nikkei Asia first reported the news.
Strategic Move for Next-Generation Batteries
The deal, effective July 1, 2026, will transfer Kanadevia’s technology development, design, and sales related to its all-solid-state lithium-ion batteries to Suzuki. Suzuki stated that it will inherit and further develop the technologies cultivated by Kanadevia. This acquisition signifies Suzuki’s commitment to a “multi-pathway” strategy for reducing environmental impact through various fuel technologies.
Kanadevia’s All-Solid-State Battery Technology
Kanadevia has been developing all-solid-state lithium-ion batteries since 2006. Their batteries utilize a proprietary dry manufacturing process, offering key advantages including high safety – eliminating the risk of liquid leakage – excellent environmental resistance, and operation across a wide temperature range. These characteristics make the batteries particularly suitable for specialized applications such as aerospace and high-temperature, vacuum environments. In March 2022, Kanadevia demonstrated its AS-LiB® technology on the International Space Station (ISS) through a joint study with the Japan Aerospace Exploration Agency (JAXA). This marked the first charge-discharge operation of a battery in space.
Financial Details and Rationale
While the acquisition price remains undisclosed, Suzuki will pay in cash. FilingReader reports that Kanadevia anticipates recording a gain of approximately 7.4 billion yen as extraordinary income in its financial results for the second quarter of the fiscal year ending March 31, 2026. Kanadevia’s board of directors determined that transferring the business to Suzuki, with its expertise in electric vehicles and mobility, would best facilitate the technology’s industrial growth and accelerate mass production capabilities amid intensifying global competition.
No Capital or Personnel Ties Post-Transfer
Following the completion of the transfer, Kanadevia confirmed that there will be no capital or personnel relationships between the two companies.