TOKYO -- Honda Motor has begun exploring a partnership with South Korean steelmaker POSCO Holdings on recycling electric vehicle batteries and other initiatives, the Japanese carmaker announced Tuesday, as it aims to strengthen a crucial procurement relationship.
Honda has an established relationship with POSCO in the procurement of steel sheets for auto bodies. The companies will now explore the supply of materials for cathodes and anodes, the core components of batteries, as well as battery recycling technology.
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