Honda Motor Co said on its Chinese unit will establish a joint venture with Dongfeng Motor Group and Guangzhou Automobile Group Co at the end of the month to procure batteries for fully electric vehicles.
(REUTERS): The automaker’s Chinese division has also agreed to strengthen its existing partnership with CATL, the world’s largest battery maker, to ensure a stable supply of batteries, it said in a statement. At present, Honda’s joint ventures to manufacture and sell four-wheel vehicles in China, Dongfeng Honda and Guangqi Honda, receive their batteries separately from CATL.
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