Honda to set up China venture with Dongfeng, Guangzhou Auto to procure EV batteries


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Register now for FREE limitless entry to TOKYO, Sept 7 (Reuters) – Honda Motor Co (7267.T) mentioned on Wednesday its Chinese language unit will set up a three way partnership with Dongfeng Motor Group (0489.HK) and Guangzhou Vehicle Group (601238.SS) Co on the finish of the month to acquire batteries for totally electrical automobiles. The automaker’s Chinese language division has additionally agreed to strengthen its present partnership with CATL (300750.SZ), the world’s largest battery maker, to make sure a steady provide of batteries, it mentioned in an announcement. At current, Honda’s joint ventures to fabricate and promote four-wheel automobiles...