Did either Co call Hugues? Hugues is allegedly on a 1st name basis with all the battery Co CEO's
From today's Honda announcement re EV in Alliston
It also announced a plan to work with South Korean steel giant POSCO for the production of battery cathode materials, and with Asahi Kasei for the production of separators.
By handling everything from material development to vehicle assembly in Ontario - including bringing battery production in house and sourcing locally - Honda expects to reduce costs by more than 20% from current methods.
Details of the investment are due to be finalised by autumn and the Canadian and Ontario governments are expected to lend support through tax breaks and subsidies.
North America accounts for approximately 30% of Honda's global four-wheeled vehicle sales.
Honda is currently overhauling facilities at its U.S. plant in Ohio, with an investment of $700 million, and constructing a battery plant in a joint venture with LG Energy Solution for $4.4 billion.