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China's CATL and Honda Sign Massive Electric Vehicle Battery Deal

Discussion in 'China & Far East' started by GS Zhou, Mar 1, 2019.

  1. GS Zhou

    GS Zhou FULL MEMBER

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    On the 5th of February, 2019, in Tokyo, CATL and Honda signed a cooperation agreement with the intent to cooperate in the development of electric vehicles. According to the agreement, CATL will guarantee supply to Honda of about 56 GWh of EV batteries before 2027.

    The Honda electric vehicles with CATL batteries will be sold both in China and outside-China.

    Assume each electric vehicle carriers a 50kwh battery pack, the 56Gwh deal size could support about 1 million electric cars.

    --------------------------------------------------------------------------------
    近日,宁德时代新能源科技股份有限公司(下简称宁德时代)与日本本田技研工业株式会社(下简称本田)于东京签订合作协议,正式携手共同打造面向未来市场的电动汽车产品。

    根据协议,宁德时代成为本田在锂离子动力电池领域的合作伙伴,为其电动化提供可靠动力支持。在2027年前,宁德时代将向本田保供电量约56GWh的汽车锂离子动力电池。

    除中国市场以外,本次双方合作车型也将向全球范围内的其它市场推出。
     
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  2. TaiShang

    TaiShang ELITE MEMBER

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    Japanese automakers see the future lies in China. Hence they reduce investment in other places (such as recently deciding to exit Britain and Turkey) and increase investment in China.

    Good not only for economics, but also politics of the region.
     
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  3. cirr

    cirr ELITE MEMBER

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    China's CATL, Honda plan to co-operate on EV battery development

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    February 5, 2019

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    FILE PHOTO - The logo of Honda is seen during the 88th International Motor Show at Palexpo in Geneva, Switzerland, March 6, 2018. REUTERS/Pierre Albouy

    TOKYO (Reuters) - Contemporary Amperex Technology Ltd and Honda Motor have signed an agreement to co-operate on jointly developing lithium ion batteries for electric vehicles, as China's top EV battery maker expands its tie-ups with Japanese automakers.

    CATL said on Tuesday it had signed a memorandum of understanding with Honda under which it would guarantee supply of lithium-ion EV batteries with storage capacity of around 56 gigawatt hours (GWh) to the automaker by 2027, and set up an office near Honda's research unit in Tochigi Prefecture, outside Tokyo.

    "The agreement focuses on supply of EV batteries in Asia," Honda spokeswoman Tomoko Takemori said, declining to give further details on which of its models would use CATL batteries.

    "We could also consider some supply for the North American market."

    Sources with knowledge of the matter told Reuters that the agreement to explore using CATL technology in Honda EVs was part of Honda's moves to diversify its battery supply bases to ensure stable stock in the longer term, and that the Japanese automaker has also been in talks with other battery makers, including current supplier Panasonic Corp.

    As it pushes to meet China's stringent "green car" quotas, Honda is planning to launch its first mass-production battery EV in China later this year, while it is building a new plant for new-energy vehicles, including battery EVs and plug-in hybrid cars.

    CATL, one of the world's biggest EV battery makers, adds Honda to its list of partners which already includes BMW, Volkswagen AG and SAIC Motor Corp.

    The Fujian-based company has been eager to secure more Japanese clients, and established a sales and development support hub in Yokohama last year. It already counts Nissan Motor Co as a customer, supplying the batteries for the battery-electric version of its Sylphy sedan in China.

    (Reporting by Makiko Yamazaki and Naomi Tajitsu in Tokyo; Yilei Sun and Norihiko Shirouzu in Beijing; Editing by Muralikumar Anantharaman)

    https://finance.yahoo.com/news/chinas-catl-honda-plan-co-115625679.html
     
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  4. cirr

    cirr ELITE MEMBER

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    CATL, FAW Group Set Up Battery Joint Venture

    March 4, 2019 by News Team

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    CATL just keeps on growing.


    China-based power battery provider Contemporary Amperex Technology Limited (CATL) and the state-owned carmaker FAW Group have set up a joint venture dubbed CATL-FAW Power Battery Company (CATL-FAW), according to tianyancha.com, a Chinese data search platform.

    The joint venture was founded at the end of January, involving a registered capital of RMB2 billion. CATL and FAW Group hold 51% and 49% stake in CATL-FAW with respective contribution of RMB1.02 billion and RMB980 million. The new joint venture’s business scope covers the development, production and sale of lithium ion battery, power battery, energy storage battery with ultra-large capacity and battery system as well as relevant after-sale services and technology consultation.

    Qu Tao, a board member of Dongfeng-CATL (Wuhan) Battery System Co.,Ltd, take the posts of chairman and general manager of CATL-FAW.

    CATL will invest 240 million euro in a battery factory near Erfurt, eastern Germany, said to start production in 2021 with an initial capacity of 14GWh per hour. The battery maker recently disclosed that capacity for its German factory will be expanded to 60GWh by 2026, according to recent reports.

    Up until now, CATL has built joint ventures with Geely, SAIC Motor, GAC Group and Dongfeng Motor. It also formed partnerships with such global automakers as BMW, Daimler, Groupe PSA, Volvo and Jaguar Land Rover, etc.

    http://energymetalnews.com/2019/03/04/catl-faw-group-set-up-battery-joint-venture/
     
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