On December 8, Contemporary Amperex Technology Co., Limited (“CATL”) and Honda Motor (China) Investment Co., Ltd. jointly announced that from 2024 through 2030, Honda will purchase 123 GWh of batteries for pure electric vehicles in China from CATL.
In 2020, CATL and Honda signed an agreement to form a comprehensive strategic alliance on new energy vehicle batteries, which 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.
With the scale-up of the production and sale of Honda's pure electric vehicle brand e:N, the two companies agree to further strengthen their partnership. From 2024 through 2030, Honda will purchase 123 GWh of CATL's batteries for pure electric vehicles in China, which will be produced in CATL's production base in Yichun, east China's Jiangxi Province.
The battery supply agreement will secure a long-term stable battery supply for Honda and enable both companies to maintain their leading position in e-mobility transition, marking another important milestone for their cooperation. CATL and Honda will leverage their respective advantages and sharpen their competitive edge, thus contributing to global drive towards e-mobility and carbon neutrality ambitions.