Honda’s CEO places his faith in new battery technologies to catch up in the EV race.

15 Mar 2023

Honda motor Co. Chief executive officer Toshihiro Mibe is batting on new battery technology to drive down cost and develop electric versions of its smaller affordable cars but before that happens at Japanese car maker will cell larger and more expensive EVs.Mibe, who is in the USA this week to break ground on a new $4.4 billion lithium- ion battery plant in rural Ohio said in a interview that are different technology solid state batteries will eventually help make EVS which can cause 40% most to build than fuel powered cars more accessible.Hyundai seeking to catch up with piece out running in it the race to dominate a crucial market that is seeing a faster transition away from traditional cars and trucks the auto makers has teamed up with Sony group corp. To develop EVs and has plast to sell only electric fight vehicles by 2040.

“We are aware vehicle prices are rising my sad through an interpreter the electric vehicle businesses is very dependent on battery costs. Through the evolution of our technology we will try to control those costs”.

Honda is for from alone in person solid state batteries strategy impact it is arguably lagging behind the better resource peace like Toyota motor corp and Nissan motor Co. And Ford Motor Co.