The partnership will ensure Honda the stable procurement in the medium to long term of important metals required for batteries, including nickel, cobalt, and lithium.
Securing the supply of such materials will be important in ensuring that Honda doesn’t encounter any significant metals shortages as it ramps of its production of electrified vehicles.is aiming for battery-electric and fuel cell electric cars to represent 100 per cent of its global vehicle sales by 2040. As it moves towards this target, Honda is planning to launch 30 electric models globally by 2030, producing more than 2 million units annually.
“Honda will continue working with a wide range of suppliers to ensure stable supply of necessary resources, that will enable Honda to steadily execute its electrification strategy leading to the realization of Honda’s carbon neutrality goal,” the carmaker added in a statement.