Honda signs joint development pact with Boston-based EV battery R&D firm SES


TOKYO (Reuters) – Japanese automaker Honda Motor Co mentioned on Wednesday it had signed a joint development settlement for lithium-metal batteries with Boston-based EV battery firm SES Holdings Pte Ltd.

In an announcement, Honda mentioned SES deliberate to checklist on the New York Stock Exchange through a special-purpose acquisition firm (SPAC) transaction, and that the Japanese automaker deliberate to purchase about 2% of the listed firm, SES AI Corporation.

Lithium-metal batteries are anticipated to attain greater vitality density than lithium-ion batteries, that are utilized in most battery-electric autos at the moment.

(Reporting by Chang-Ran Kim; Editing by Muralikumar Anantharaman)

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