Benzinga · Jan 19, 2022
EV Battery Research Startup SES Enters JV With Honda Ahead Of Going Public In SPAC Merger: What You Need To Know
Japan’s Honda Motor Co (NYSE: HMC) said on Tuesday it has signed a joint venture agreement with the U.S. based battery research startup SES Holdings to launch higher density and low-cost lithium-metal batteries for electric vehicles. What Happened: Honda said the joint venture will focus on making safe, durable and higher capacity batteries with lithium-metal anode that are expected to deliver higher energy density than the lithium-ion batteries, which usually use carbon-based materials for the anode. Honda last year said it aims to increase the ratio of electric vehicles to 40% of overall sales by 2030, to 80% by 2035, and to 100% by 2040. “The battery is an essential component of EVs, and Honda ...

