Honda Joins Forces With Japanese Trading Company To Secure Battery Metals

Honda has established a partnership with trading company Hanwa that will ensure its supply of important metals used for its future electrified vehicles.

The partnership will ensure Honda the stable procurement in the medium to long term of important metals required for batteries, including nickel, cobalt, and lithium.

Securing the supply of such materials will be important in ensuring that Honda doesn’t encounter any significant metals shortages as it ramps of its production of electrified vehicles.

The Japanese manufacturer is aiming for battery-electric and fuel cell electric cars to represent 100 per cent of its global vehicle sales by 2040. As it moves towards this target, Honda is planning to launch 30 electric models globally by 2030, producing more than 2 million units annually.

“Honda will continue working with a wide range of suppliers to ensure stable supply of necessary resources, that will enable Honda to steadily execute its electrification strategy leading to the realization of Honda’s carbon neutrality goal,” the carmaker added in a statement.

Read Also: Here’s All We Know About The 2024 Honda Prologue

An important EV currently being developed by Honda is the 2024 Prologue. The crossover is underpinned by General Motors’ scalable Ultium battery-electric architecture that is already used by the likes of the Chevrolet Silverado EV, GMC Hummer EV, and Cadillac Lyriq.

While many technical specifications about the Honda Prologue remain under wraps, its Ultium battery will likely have a 100 kWh capacity that should allow for more than 300 miles (483 km) of range on a single charge. Honda will likely sell the crossover in both single motor rear-wheel drive and dual-motor all-wheel drive configurations.

CarScoops understands that the Prologue will support DC fast-charging of up to 190 kW, meaning 76 miles (122 km) of range can be added in 10 minutes.

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