Honda has signed a supply contract with CATL to provide batteries for electric cars in China with a total volume of 123 gigawatt-hours over a period of seven years. First deliveries are planned for 2024.
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Honda is raising the curtain on a Japanese-Chinese procurement initiative: The company plans to set up a joint venture in China with its Chinese partners Dongfeng and GAC at the end of this month. The goal is to bundle purchases of electric vehicle batteries from CATL.
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