Honda and Hanwa Achieve Strategic Partnership for Obtain Procurement of Mandatory Metals

Honda and Hanwa Achieve Strategic Partnership for Obtain Procurement of Mandatory Metals

Honda and Hanwa Achieve Strategic Partnership for Obtain Procurement of Mandatory Metals



TOKYO, Sep 07, 2022 – (JCN Newswire) – Honda Motor Co., Ltd. (Honda) this day provided that it has established a strategic partnership with Hanwa Co., Ltd. (Hanwa), a critical Japan-based mostly trading firm, towards accurate procurement of critical metals for batteries critical for its electrified vehicles.

To attain carbon neutrality for all of its products and corporate activities by 2050, Honda is striving to manufacture battery-electric vehicles (EVs) and gasoline cell electric vehicles (FCVs) signify 100% of its worldwide automobile gross sales by 2040. Toward this aim, Honda is planning to begin 30 EV models globally by 2030 with production quantity of more than 2 million units each and each year.

For accurate execution of its electrification approach, Honda established a strategic partnership with Hanwa, a critical trading firm that has strengths in the sphere of helpful resource procurement. Thru this partnership, Honda will be sure accurate procurement in the medium to long duration of time, of critical metals critical for batteries much like nickel, cobalt and lithium, positioning the mined resources secured by Hanwa at the core.

Honda will proceed working with a huge differ of suppliers to verify accurate present of critical resources, that may allow Honda to gradually cease its electrification approach leading to the realization of Honda’s carbon neutrality aim.

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