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Honda invests in China's CATL to develop EV batteries

Partnership to focus on technology and recycling

The Japanese automaker will launch its first electric vehicles equipped with CATL batteries in China in 2022. (Source photo by AP)

BEIJING/TOKYO (Reuters) -- Japan's Honda Motor Co Ltd will buy a 1% stake in Chinese electric vehicle (EV) battery maker Contemporary Amperex Technology (CATL) and the two will jointly develop EV batteries, the companies said on Friday.

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