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GS Yuasa lithium battery problems continue at Mitsubishi factory Read more: GS Yuasa lithium battery problems continue at Mitsubishi factory

TOKYO — The crisis that GS Yuasa has been battling since the overheating of its batteries grounded Boeing 787 jets is deepening.

One lithium-ion battery caught fire while being tested at a Mitsubishi factory in Japan last week, and another melted in an electric car. The automaker Friday said faults were detected in two more vehicles. The incidents are the latest involving the Kyoto-based company’s batteries as U.S. and Japanese authorities probe the cause of overheated units that grounded Boeing’s Dreamliners in January.

“This is more serious than the airplane incident,” Shoichi Arisawa, an analyst at Iwai Cosmo Securities, said.

GS Yuasa fell 2.8 percent to 381 yen at the close in Tokyo trading, after tumbling 11 percent Thursday, as the car-battery fire added to concerns the company’s products may not be reliable. The accidents threaten to ruin a goal the company set in 2009 to make automotive lithium-ion batteries a key business.

The manufacturer has formed ventures with Mitsubishi and Honda for supplying lithium-ion batteries.

Read more: GS Yuasa lithium battery problems continue at Mitsubishi factory – The Denver Post http://www.denverpost.com/business/ci_22903788/gs-yuasa-lithium-battery-problems-continue-at-mitsubishi#ixzz2P3yopqwL
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