Honda to buy stake in China's CATL, firms to jointly develop EV batteries

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China's electric vehicle (EV) battery maker Contemporary Amperex Technology (CATL) said on Friday that Japanese automaker Honda will buy shares in the company to hold a 1% stake and the firms will jointly develop EV batteries.

FILE PHOTO: Honda's logo on its Modulo model is pictured at its showroom at its headquarters in Tokyo, Japan, February 19, 2019. REUTERS/Kim Kyung-hoon.

FILE PHOTO: Honda's logo on its Modulo model is pictured at its showroom at its headquarters in Tokyo, Japan, February 19, 2019. REUTERS/Kim Kyung-hoon
 

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And there's your answer to Japan's shrinking economy! ...like always investments!

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