Another week, another auto-battery alliance. This time Honda has taken a 1% share in Chinese battery producer CATL as the relationship between the two companies continues to develop.
The companies already had a strategic partnership and supply agreement in place — in Q1 2019, the companies had struck a deal for CATL to supply Honda with 56 GWh of battery cells by 2027 — but this deal will see their partnership further strengthened. Honda's press release announcing the deal broadly discussed strengthening their partnership in the long term, touching on joint development, stable supply and also future battery recycling and . . .