Honda Invests In China’s CATL, To Collectively Develop EV Batteries

Honda and CATL will develop battery applied sciences and analysis battery recycling enterprise, CATL mentioned in its submitting.






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Honda has struck quite a lot of partnerships to make electrical automobiles, together with a JV with GAC

Japan’s Honda Motor Co Ltd will choose up a 1% stake in electrical car (EV) battery maker Up to date Amperex Expertise (CATL) and the 2 will collectively develop EV batteries, the Chinese language agency mentioned in a submitting on Friday.

The transfer comes at a time when auto producers and EV battery makers are tying up within the pursuit of an electrical future. Ningde-based CATL final yr mentioned it might develop batteries with Honda, and that it might provide batteries to Tesla, Toyota and Volkswagen AG.

Additionally Learn: Honda And GM To Collectively Develop Subsequent-Gen Electrical Autos

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The upcoming Honda e, would be the first Honda to be constructed on a devoted EV platform

Honda and CATL will develop battery applied sciences and analysis battery recycling enterprise, CATL mentioned in its submitting.

Honda has struck quite a lot of partnerships to make electrical automobiles, together with a China three way partnership with GAC below which the Japanese automaker started promoting its first all-battery EV, the Everus VE-1 SUV crossover, in China late final yr.

Additionally Learn: Honda’s EV Journey In India To Start With Hybrid Expertise

It has additionally tied up with Hitachi Ltd’s auto elements subsidiary to develop, produce and promote motors for use in petrol hybrids, plug-in hybrids and battery electrical automobiles.

For the North American market, Honda has partnered with Normal Motors Co to develop two new EVs. The 2 are additionally working to develop hydrogen gas cell car know-how.

CATL shares closed at round 200 yuan ($28.54) on Friday.

(This story has not been edited by NDTV employees and is auto-generated from a syndicated feed.)

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