<Unique Honda approach>
As the worlds largest power unit manufacturer with annual sales of approximately 30 million units of mobility products including
motorcycles, automobiles, power products, outboard motors and aircraft, we aim to realize carbon neutrality for all products and corporate activities Honda is involved in by 2050, striving to eliminate carbon emissions from power sources of a wide
variety of products. To this end, Honda believes that a multifaceted and multidimensional approach is needed, not a mere replacing of engines with batteries.
Including the utilization of swappable batteries and hydrogen as well as electrification of automobiles, Honda will offer a variety of
solutions for all of its mobility products according to how its customers use the products in various countries and regions.
Furthermore,
with the connected platform, which connects all these elements, Honda will enhance the convenience and efficiency of society as a whole.
<Organizational changes made to strengthen electrification business>
In the past, Honda divided its organization by products, namely motorcycle, automobile and power products. However, starting this fiscal year,
technology areas which will become the core of the future competitiveness of Honda have been moved from their respective product-based organizations and combined under the newly created Business Development Operations. Such core areas are:
electrified products and services, battery, energy, Mobile Power Pack, hydrogen and software/connected technologies that connect all core areas. With this change, Honda will accelerate the speed at which it can move and enhance the
cross-domain synergy effect among Honda products.
2. Initiatives for automobile electrification business
<Battery procurement strategy>
The key challenge in the EV era is the global procurement of batteries. Honda has two basic approaches for its battery procurement strategy.
1) Now and for the time being:
Honda will ensure stable procurement of liquid lithium-ion batteries in each region by strengthening
the external partnership.
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North America: |
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Honda will procure Ultium batteries from GM. Separately, aside from GM, Honda is exploring the possibility of creating a joint venture company for battery production. |
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China: Honda will further strengthen our
collaboration with CATL. |
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Japan: Honda will procure batteries for mini-EVs from Envision AESC. |
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