Honda is investing $3.18 billion into an EV battery plant with Japan's GS Yuasa car auto cars
Honda is taking a leaf out of Apple’s playbook and will increase its investment in domesticwill start by partnering with battery manufacturer GS Yuasa to develop and mass-produce lithium-ion batteries for EVs in Japan. Honda’s investment totals an eye-watering 434.1 billion yen and will be aided by a 158.7 billion yen government subsidy from Japan’s Ministry of Economy, Trade and Industry.
Apple is able to efficiently control cost and quality by cooperating with major manufacturers upstream in the development of important parts. notes that Honda seems to be doing the same thing, allowing it to negotiate directly on key parts like batteries and drive units. For example, it will work directly with Taiwan Semiconductor Manufacturing Co. on procurement.Additionally, Honda confirmed in March that it will increase its stake in electric drive system manufacturing Hitachi Astemo from the current 33% to 40%.
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