A Honda SUV e:Prototype electric vehicle (EV) is seen displayed during a media day for the Auto Shanghai show in Shanghai, China April 20, 2021. REUTERS/Aly Song/File Photo
TOKYO, Sept 6 (Reuters) - Honda Motor Co (7267.T) has formed a partnership with trading company Hanwa Co (8078.T) to secure stable supply of metals used in batteries for electrified vehicles, the Japanese automaker said on Tuesday.
Honda will be able to obtain essential metals such as nickel, cobalt and lithium through the partnership in the medium to long term, it said in a statement.
Procurement of those elements will be among many challenges for automakers worldwide as stricter environmental regulations accelerate production and sales of cleaner, electrified cars.
Honda said it had picked Hanwa for its strength in resource procurement.
This year Honda laid out a target to roll out 30 electrified vehicle (EV) models globally and produce more than 2 million EVs a year by 2030. It aims at selling only fully electric vehicles and fuel cell electric vehicles by 2040.
Honda to spend $64 billion on R&D as it revs up electric ambitions
TOKYO, April 12 (Reuters) - Japan's Honda Motor Co Ltd (7267.T) plans to spend $64 billion on research and development over the next decade, the company said on Tuesday, laying out an ambitious target to roll out 30 electric vehicle models globally by 2030.