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GS Yuasa Shares Fall as More Lithium Ion Batteries Overheat
Mar. 27, 2013 11:19PM PST
Battery Metals Investing
Bloomberg reported that the Japanese manufacturer of the lithium ion batteries that grounded all Boeing Dreamliner planes, GS Yuasa Corp, has suffered a 17% fall in Tokyo trading as Mitsubishi Motors Corp cars reported more lithium-ion problems.
Bloomberg reported that the Japanese manufacturer of the lithium ion batteries that grounded all Boeing Dreamliner planes, GS Yuasa Corp, has suffered a 17% fall in Tokyo trading as Mitsubishi Motors Corp cars reported more lithium-ion problems.
As quoted in the market news:
The incident occurs two months after a battery fire on a Japan Airlines Co. (9201) flight and the emergency landing of an All Nippon Airways Co. (9202) plane caused the grounding of all Boeing 787 Dreamliners globally from Jan. 16. A lithium-ion battery caught fire while being tested at a Mitsubishi Motors (7211) factory in Japan on March 18, while another melted in a separate incident last week, Mitsubishi said yesterday.
