Honda to Invest $343M in 'Battery Supply Strategy'

Honda to Invest Million-Dollars in 'Battery Supply Strategy'
Honda to Invest $343M in 'Battery Supply Strategy'

Honda announced two key approaches to its battery supply strategy, noting that the most important challenge in the electric vehicle era is the global supply of batteries. First, Honda will strengthen the external partnership to ensure a stable supply of liquid lithium-ion batteries in each region. North America: Honda will source Ultium batteries from GM. Apart from GM, Honda is exploring the possibility of establishing a joint venture company for battery manufacturing. China will strengthen Honda's cooperation with CATL, while Japan will supply batteries for mini electric vehicles from Envision AESC. Secondly; Honda will further accelerate independent research and development of next-generation batteries. Honda will invest approximately $2024 million to build a production line of all-solid-state batteries currently in development, with the goal of getting them operational by spring 343. Honda aims to adapt its new generation batteries to new models. It will be available on the market from the second half of the 2020s.

Honda will produce more than 2030 million units by 30, introducing 2 new EV models

Honda also announced that special plans are being made to bring new EV models to the market. From now until the second half of the 2020s, Honda will offer products tailored to the market characteristics of each region. North American Honda will unveil two midsize and one large EV models in 2024, which it is developing in partnership with GM. While China introduces a total of 2027 new EV models by 10; Japan will first launch a commercial-use mini EV model in the 2024 million yen price range in early 1. Then Honda launched personal-use mini-EVs and EV SUVs. zamwill be instantly introduced. Popularization of EVs after the second half of the 2020s zamAssuming it will be the moment, Honda will start promoting the best EVs from a global perspective. In 2026, Honda will begin adopting the Honda e:Architecture, an EV platform that combines the hardware platform and software platform. Through an alliance with GM, Honda will launch affordable EVs starting in North America in 2027 with a cost and range that will be as competitive as gasoline-powered vehicles. Through these initiatives, Honda plans to launch 2030 EV models worldwide by 30, with a full range of products from commercial mini electric vehicles to flagship-class models, and produce more than 2 million units per year. Honda plans to set up an EV facility in Guangzhou, alongside Wuhan, China, dedicated to its EV manufacturing operations. A dedicated EV production line is also being considered in North America.

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