Honda and Hanwa Establish Strategic Partnership for Stable Procurement of Essential Metals
Retrieved on:
Wednesday, September 7, 2022
TOKYO, Sept 7, 2022 - (JCN Newswire) - Honda Motor Co., Ltd. (Honda) today announced that it has established a strategic partnership with Hanwa Co., Ltd. (Hanwa), a major Japan-based trading company, toward stable procurement of essential metals for batteries necessary for its electrified vehicles.
Key Points:
- TOKYO, Sept 7, 2022 - (JCN Newswire) - Honda Motor Co., Ltd. (Honda) today announced that it has established a strategic partnership with Hanwa Co., Ltd. (Hanwa), a major Japan-based trading company, toward stable procurement of essential metals for batteries necessary for its electrified vehicles.
- Toward this target, Honda is planning to launch 30 EV models globally by 2030 with production volume of more than 2 million units annually.
- For steady execution of its electrification strategy, Honda established a strategic partnership with Hanwa, a major trading company that has strengths in the field of resource procurement.
- Through this partnership, Honda will ensure stable procurement in the medium to long term, of essential metals necessary for batteries such as nickel, cobalt and lithium, positioning the mined resources secured by Hanwa at the core.