CATL and Honda Signed Agreement to Form Comprehensive Strategic Alliance on Batteries, Encouraging Electrified Vehicles

This agreement will allow the two companies to start discussions on a wide range of areas, including stable supply, joint development, and the recycling and reuse of batteries.

FREMONT, CA: Contemporary Amperex Technology (CATL) and Honda have signed an agreement to form a comprehensive strategic alliance on new energy vehicle batteries to strengthen their strategic partnership and encourage the popularization of electrified vehicles.

This agreement will allow the two companies to start discussions on a wide range of areas including stable supply, joint development, and the recycling and reuse of batteries.

By drawing together the two companies' individual technology advantages, CATL and Honda will carry out joint development on NEVs batteries and joint R&D into fundamental technologies, aiming for their future application. CATL will offer a stable supply of NEV batteries to Honda, mainly for battery electric vehicles (BEVs). The first model equipped with a CATL battery is dated to be launched in the Chinese market in 2022. This alliance will be further extended to the global level in the future. Battery recycling and reuse also will be a topic in further discussions between CATL and Honda.

CATL is a technology company dedicated to providing advanced battery solutions for global new energy applications, with businesses covering R&D, manufacturing, and sales of battery systems for new energy vehicles and energy storage systems. Honda is a mobility company with automobiles, motorcycles, Life Creation (power products), and aircraft businesses worldwide, and is currently boosting its initiatives to electrify its products on a global basis. By strengthening technological partnerships and the competitive supply system, CATL and Honda will work together to realize universal electrification.

"Honda is a key player in global electrification. Through this strategic cooperation, CATL and Honda will establish a stronger global partnership. We are working together to deliver more competitive products and solutions to global electrification, and to finally achieve a clean and pleasant style of mobility," commented Zhou Jia, President of CATL.

"This alliance enables Honda to further strengthen its partnership with CATL. As the speed of electrification continues to increase, CATL will be a partner that will give Honda new strength, and we believe that our long-term alliance will enable Honda to further increase the competitiveness of our electrified products. Honda will continue its challenges toward offering joy and freedom of mobility and the realization of a sustainable society," said Toshihiro Mibe, Senior Managing Officer at Honda.