TOKYO -- Honda Motor group supplier G-Tekt will partner with global steelmaking giant ArcelorMittal on a cheaper alternative to casting auto chassis parts that promises to reduce the cost of making electric vehicles, Nikkei has learned.
Automobiles
To beat China EVs, Honda supplier and ArcelorMittal look beyond gigacasting
G-Tekt wants to give Japan automakers edge with steel-based production method
Chinese players like BYD and Xiaomi have released low-cost EVs amid an intensifying price competition. (Nikkei montage/Source photos by Nikkei and Xiaomi)
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