Honda Signs Deal To Purchase 123 GWh Of EV Batteries From CATL via insideevs.com
Honda Motor Company announced an agreement with China's Contemporary Amperex Technology to purchase 123 GWh of batteries for pure electric vehicles from 2024 through 2030.to form a comprehensive strategy alliance on new energy vehicle batteries. The initial agreement has enabled the two companies to cooperate in a broad range of areas including joint development, stable supply, and the recycling and reuse of batteries.
to build more than 1 million electric vehicles, securing a long-term stable battery supply for the Japanese automaker.The CATL deal proves that Honda is serious about its EV expansion in China, which started this spring with the e:NS1 and e:NP1 electric crossovers, the first models of the. Essentially the same car, the e:NS1 and e:NP1 are not built on an EV-dedicated platform, however, as Honda plans to launch the e:N Architecture—its first EV-only platform—in 2024.
Models built on this architecture will start rolling out in 2024 from two EV-dedicated plants that are currently under construction., the other with its other local partner GAC Motor in Guangzhou. Both will have an annual capacity of 120,000 units. Honda said last year it would launch a total of eight EV models based on the e:N Architecture. In October 2021, the carmaker previewed three of them with the e:N SUV, e:N Coupe and e:N GT concepts. The latter evolved into the
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