Honda invests in CATL to form strategic alliance for battery supply
Published: Monday, 13 July 2020
Japanese carmaker Honda has acquired about 1% of the shares in Chinese battery maker Contemporary Amperex Technology (CATL) through a non-public issuance of stocks, with the intention of securing a stable supply of batteries from the Chinese firm, the two companies said in a joint statement on Friday July 10.
The investment is part of a strategic agreement between the
two companies which will include joint development, stable
battery supply and recycling.
CATL will provide new electric vehicle (NEV) batteries