According to the authoritative Japanese news media Yomiuri Shimbun, several Honda executives revealed that the company has internally announced a new battery procurement plan.
Honda's goal is to achieve full electrification of cars by 2040. In order to achieve this goal, a large number of batteries must be obtained at low cost at this stage. In the long run, Honda will also accelerate the development of its next generation of all solid state batteries to achieve a longer range.
At present, the mainstream lithium-ion battery is heavy, easy to catch fire and high transportation cost. In order to reduce costs, Honda plans to let each production base obtain spare parts nearby, and its three major markets (Japan, North America and China) will purchase batteries from different Chinese and Korean enterprises respectively. Several Honda executives said the company would announce the plan in February.
in China , the world's largest auto market, Honda chose to mainly purchase vehicle batteries from Contemporary Amperex Technology Co.Limited(300750) . Contemporary Amperex Technology Co.Limited(300750) is the company with the largest share of the global battery market. According to the data of SNE research, a market research company, Contemporary Amperex Technology Co.Limited(300750) reached 67.1 GWH from January to November last year, accounting for 29% of the global market share.
Honda plans to launch 10 electric vehicles by the end of 2026. Its joint venture Dongfeng Honda in China announced that the new energy plant project will be located in Wuhan. It is reported that the project is Honda's first new energy benchmarking plant in the world. It is located in Wuhan Economic and Technological Development Zone, covering an area of 630000 m2. It is planned to be officially put into operation in 2024, with a basic annual capacity of 120000 vehicles in the initial stage.
in Japan , Honda will mainly purchase from the Ibaraki Prefecture factory of "vision ASEC", a large Chinese vehicle battery enterprise. Although Panasonic's battery production share ranks third in the world, Panasonic has maintained close relations with Toyota and Tesla.
in North America , Honda will jointly purchase Korean LG energy solutions (lges) products with general motors in partnership to further reduce procurement costs. Previously, according to the Korean media "daily economic news", lges plans to establish a battery joint venture with Honda in the United States, with an investment scale of up to 4 trillion won (about US $3.4 billion).
