Honda Considers China For Future Batteries

Unlike many of its competitors, Honda has no strategic partner with which it has committed to developing batteries for the vehicles.

Published: 26-May-2010

GUANGZHOU/TOKYO Honda Motor Co (7267.T) is interested to develop electric car batteries in China to tap the country's technology and vast resources, its chief executive said, adding that a breakthrough was needed to bring the zero-emission cars into the mainstream.

"If there is a suitable chance, we hope to work with China to (develop) batteries," Honda Chief Executive Takanobu Ito told reporters on Tuesday in southern China, where he announced a plan to boost annual production capacity by a third to 480,000 units at a Chinese joint venture, Guangqi Honda. [ID:nHKM000006]

Honda has been among the least enthusiastic among Japan's automakers towards electric cars, and runs the risk of falling further behind domestic rivals Toyota Motor Corp (7203.T) and Nissan Motor Co (7201.T), after the former tied up last week with Silicon Valley-based electric car maker Tesla Motors Inc. [ID:nN20235111]

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