Honda is teaming up with China’s Contemporary Amperex Technology, or CATL as its best known, to supply batteries for over 1 million electric vehicles.
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Honda CEO Toshihiro Mibe has truly begun to wake up and smell the EV coffee lately, making several big announcements in 2022 that pertain to expanded electrification. In its latest news, Honda plans to invest about $40 billion over the next decade to deliver 30 BEVs around the globe. Despite this effort and additional funds allocated toward solid-state battery development, Honda is still very much in love with hybrid vehicles and plans to continue to promote them.
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Honda has shared details of a comprehensive electrification strategy that includes two production vehicles and three concepts donning a new “e:N Series” electric branding. The Japanese automaker plans to introduce 10 Honda-brand EV models in the next five years, but only in China. That being said, Honda stated that it “envisions exporting these models from China” as well… someday.
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