Honda Builds Demonstration Production Line for Solid-State Batteries [Yahoo! Finance]
Honda Motor Company, Ltd. (HMC)
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Source: Yahoo! Finance
These batteries are expected to offer longer range and greater durability EVs at reduced costs. Unlike conventional lithium-ion batteries, solid-state batteries replace liquid electrolytes with dry conductive materials. This change promises increased energy density and extended battery life but also requires an entirely new production process. Numerous companies are actively working on solid-state battery technology, including QuantumScape, supported by Volkswagen, Nissan and Factorial, which is developing semi-solid-state batteries compatible with Dodge Chargers. Per Keiji Otsu, president of Honda R&D, these batteries could double EV driving ranges by 2030 and increase them by 2.5 times by the 2040s. Honda is investing ¥43 billion in the pilot line, nearly half of which is funded by Japanese government subsidies. The facility spans 27,000 square meters and is equipped with full-scale machinery across three buildings, each focusing on different stages of production. First for cath
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- Honda hopes to double EV driving range with solid-state batteries, R&D chief says [Yahoo! Finance Canada]Yahoo! Finance Canada
- Honda hopes to double EV driving range with solid-state batteries, R&D chief says [Yahoo! Finance]Yahoo! Finance
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Sec Filings
- 11/15/24 - Form 6-K
- 11/6/24 - Form 6-K
- 10/25/24 - Form 6-K
- HMC's page on the SEC website