Contemporary Amperex Technology Co., Ltd. (CATL) signed a cooperation agreement 
with Honda Motor Co., Ltd. (Honda) in Tokyo on February 4th to formally 
cooperate to develop electric vehicles for the future market. 

According to the agreement, CATL will become Honda's partner in the field of 
lithium-ion EV batteries, and will provide reliable power support for Honda's 
electrification. CATL will guarantee supply Honda with about 56 GWh of 
lithium-ion EV batteries before 2027. In 2016, Honda officially announced its 
strategy to accelerate electrification: its global sales of the electric 
vehicles including HEV, PHEV, and EV will reach 65% of the group in 2030. Also, 
at the Beijing Motor Show in 2018, it officially announced that more than 20 
electric vehicles would be launched in China by 2025. The cooperation models, 
which developed by Honda and CATL together, will be introduced to global 
markets beyond China. 

In order to provide more effective localization service support, CATL will set 
up a local office in the first half of this year in Utsunomiya, the location of 
the Honda R&D Co., Ltd., Automobile R&D Center in Tochigi. "Customer-centered 
is the philosophy that CATL has always insisted on. We hope that we can 
establish more efficient communication channels, more timely response 
mechanisms, and establish a closer relationship for further cooperation," said 
Naosumi Tada, head of CATL's Japanese subsidiary. "Honda and CATL have been 
worked closely on advanced and reliable battery solutions for Honda's future 
electric vehicle applications. In the future, we will support Honda not only in 
China, Japan, but also to create world-leading electric vehicles that serves 
global consumers."

As a top player of Japanese auto, Honda has great accumulations of traditional 
automotive technology and successful market experience. CATL is the leader in 
the EV battery industry. With its strong scientific R&D, manufacturing 
strengths and excellent product performance, CATL has been widely accredited by 
global top tier automobile companies. The cooperation between the two parties 
is a deep integration of the traditional automobile and electrification 
technology for the future. CATL enters Japanese automobile enterprise supply 
chain which is known as "artisan spirit" with mature and reliable EV battery 
solutions. CATL is going to help Honda to integrate resource advantages in the 
electric vehicle industry and assist Honda to accelerate electrification and 
seized the opportunity of the "car revolution".

In this win-win cooperation, Honda and CATL are closely engaged in technical 
exchanges and upgrades, they are committed to creating a clean, technological 
and efficient way for transportation for global consumers, and continue to 
create new value for the global new energy industry.
 

SOURCE:Contemporary Amperex Technology Co., Limited