TOKYO -- Chinese auto battery maker Contemporary Amperex Technology announced Tuesday that it will partner with Honda Motor to develop lithium-ion batteries, its latest effort to expand its global footprint.
Under an agreement signed Monday, CATL will supply 56 gigawatt hours worth of batteries to Honda through 2027. To aid the Japanese automaker's research and development, the Chinese company will also set up in the first half of this year a facility in Japan's Tochigi Prefecture, one of Honda's R&D hubs.
