The Japanese automobile manufacturer Honda Motor Co. announced on Tuesday that it has created a collaboration with the trade company Hanwa Co. in order to assure a stable supply of metals that are used in the batteries for electric vehicles.
According to a statement released by the company, through the cooperation, Honda will have the opportunity to acquire critical metals such as nickel, cobalt, and lithium in the medium to long term.
As a result of stronger environmental rules, the manufacturing and sales of cleaner, electric automobiles are accelerating, which presents a number of issues for automakers around the world, including the procurement of these materials.
Honda stated that it selected Hanwa due to Hanwa’s superiority in the acquisition of resources.
This year, Honda established a goal to produce more than 2 million electric vehicles annually by the year 2030 and to launch 30 new electrified vehicle (EV) models across the globe by that year. By the year 2040, the company plans to sell nothing except completely electric vehicles and fuel cell electric vehicles.
With the end of the decade fast approaching, the International Monetary Fund (IMF) has published a report outlining the world's…
Big floods and mud from a mountain caused by heavy rain killed almost 41 people on Sumatra island, Indonesia. More…
Vietnam, a land blessed with mesmerizing natural beauty and imbued in rich history, offers a transcendent travel experience aboard its…
Manchester United's strong defender and famous French footballer Raphael Varane at the end of the season will exit Manchester United,…
The United Arab Emirates (UAE) and Indonesia have advanced considerably in the process of forging their bilateral defense cooperation throughout…
With the latest breakthroughs in artificial intelligence, it is now possible to create visuals that are almost lifelike. These days,…
This website uses cookies.
Read More