Honda and CATL signed a comprehensive strategic cooperation agreement on
power batteries for new energy vehicles
The two parties cooperate on the joint development of new energy vehicle power batteries and joint research on
future basic technologies
CATL provides stable power battery supply to Honda The two parties have a cooperation discussion on the future of battery recycling and reuse
Honda participates in the non-public offering of CATL and subscribes shares of CATL
Honda and CATL New Energy Technology Co., Ltd. (hereinafter referred to as "CATL") signed a comprehensive
strategic cooperation agreement on new energy vehicle power batteries to strengthen the promotion of electric
vehicles and accelerate the strategic partnership. This strategic cooperation will cover areas such as joint
development, stable supply, and recycling of power batteries.
All-round cooperation to accelerate the realization of electrification strategic goals
Honda and CATL will combine their technological advantages to jointly develop new energy vehicle power
batteries and future battery basic technologies. Through this cooperation, Honda will obtain a stable supply of
batteries from the CATL, which are mainly pure electric vehicle (BEV) batteries. New energy vehicle models
produced in China equipped with Ningde era power batteries are expected to be launched on the Chinese
market first in 2022. In the future, the two parties will also discuss expanding cooperation in the global field.
In addition, the two parties will also discuss cooperation on the recovery and reuse of power batteries in the
future.
Honda is a global mobile tool manufacturer that develops motorcycles, automobiles, Life Creation and aircraft
businesses worldwide. In the field of electric vehicle development, it is accelerating the globalization of
electrification. CATL focuses on the research and development, production and sales of new energy vehicle
power battery systems and energy storage systems, and is committed to providing first-class solutions for
global new energy applications. The two sides will jointly achieve the global electrification goal by strengthening
technical cooperation and a strong battery supply system.
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