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take stake in CATL as auto-battery tie ups continue to define electric vehicle supply chain","honda-take-stake-in-catl-as-auto-battery-tie-ups-continue-to-define-electric-vehicle-supply-chain","article/honda-take-stake-in-catl-as-auto-battery-tie-ups-continue-to-define-electric-vehicle-supply-chain",{"_uid":557,"date":558,"tags":559,"editor":560,"content":570,"excerpt":632,"featured":50,"reporter":633,"_editable":637,"component":638,"seo_title":553,"categories":639,"visibility":643,"author_company":49,"featured_image":644,"seo_description":632,"author_full_name":49,"author_job_title":49,"formattedDate":649,"formattedArticleDate":650},"2953ad38-9c41-4faf-9470-7414987b898b","2020-07-16 00:00",[],[561],{"slug":562,"name":563,"content":564},"matthew-bird","Matthew Bird",{"job_title":565,"image":566,"bio":568,"linkedin":569},"Senior Editor - Supply Chains & Data Visualisation",{"filename":567},"https://a.storyblok.com/f/287943243085208/512x512/14738033ec/matthew-bird.jpeg","Matthew writes, edits and produces content for Benchmark Intelligence and Benchmark Source across the whole mine to grid supply chain. He also acts as a liaison to the press. He has a PhD in electrochemistry from the University of Nottingham.","https://www.linkedin.com/in/birdmatthew/",{"type":571,"content":572},"doc",[573,580,585,590,595,600,607,612,617,622,627],{"type":574,"attrs":575,"content":576},"paragraph",{"textAlign":49},[577],{"text":578,"type":579},"Another week, another auto-battery alliance. This time Honda has taken a 1% share in Chinese battery producer CATL as the relationship between the two companies continues to develop.","text",{"type":574,"attrs":581,"content":582},{"textAlign":49},[583],{"text":584,"type":579},"The companies already had a strategic partnership and supply agreement in place — in Q1 2019, the companies had struck a deal for CATL to supply Honda with 56 GWh of battery cells by 2027 — but this deal will see their  partnership further strengthened. Honda’s press release announcing the deal broadly discussed strengthening their partnership in the long term, touching on joint development, stable supply and also future battery recycling and reuse.",{"type":574,"attrs":586,"content":587},{"textAlign":49},[588],{"text":589,"type":579},"The deepening of ties between the companies reflects the ongoing trend in the electric vehicle space for automakers to establish much closer relationships with battery producers and the upstream supply chain than would ever be required for internal combustion engine vehicles (ICE).",{"type":574,"attrs":591,"content":592},{"textAlign":49},[593],{"text":594,"type":579},"Since Tesla and Panasonic’s era-defining partnership, the overarching theme of the battery-auto section of the lithium ion supply chain has been the forming of closer relationships between the battery maker and electric vehicle producer.",{"type":574,"attrs":596,"content":597},{"textAlign":49},[598],{"text":599,"type":579},"The past twelve months in particular have seen a flurry of activity in this space. Some of the key developments have been:",{"type":601,"attrs":602,"content":604},"heading",{"level":603,"textAlign":49},4,[605],{"text":606,"type":579},"The auto-battery marriage",{"type":574,"attrs":608,"content":609},{"textAlign":49},[610],{"text":611,"type":579},"For automakers to deliver on their electrification plans a secure supply of lithium ion battery cells are critical. This year we’ve already seen reports of a supply shortage for Tier 1 lithium ion cells. Security of supply is therefore a major concern for automakers, and this is part of the reason for the strategic alliances that are emerging.",{"type":574,"attrs":613,"content":614},{"textAlign":49},[615],{"text":616,"type":579},"But the nature of the strict qualification process and requirements means that an automaker will only ever have a limited number of qualified cell suppliers. With the battery pack accounting for approximately a quarter of the cost in an electric vehicle, the success or failure of transitioning from ICE vehicles to EVs rests on the battery. It has therefore been in the best interest of both the automakers and battery manufacturer to further align their interests.",{"type":574,"attrs":618,"content":619},{"textAlign":49},[620],{"text":621,"type":579},"Benchmark’s Head of Price Assessments, Caspar Rawles explained: “Long term strategic partnerships between automaker and cell manufacturer are the blueprint for the next evolution of the EV industry. As the next era of lithium ion cells become more technologically advanced, the need for a cell designed from the ground up to meet automakers exact requirements means these relations are critical from a technology standpoint, but also for security of tier 1 supply.",{"type":574,"attrs":623,"content":624},{"textAlign":49},[625],{"text":626,"type":579},"“The Benchmark Megafactory Assessment is tracking 80 GWh of cell capacity held as joint ventures between cell and automakers as of the end of 2020, this is expected to rise to 266 GWh by 2025.",{"type":574,"attrs":628,"content":629},{"textAlign":49},[630],{"text":631,"type":579},"“We expect to see similar further relationships announced in the coming months and years as automakers double down on efforts of electrification, and we start to move into more significant EV penetration levels across the global fleet.”","Another week, another auto-battery alliance. This time Honda has taken a 1% share in Chinese battery producer CATL as the relationship between the two companies continues to develop. The companies already had a strategic partnership and supply agreement in place — in Q1 2019, the companies had struck a deal for CATL to supply Honda with […]",[634],{"slug":562,"name":563,"content":635},{"job_title":565,"image":636,"bio":568,"linkedin":569},{"filename":567},"\u003C!--#storyblok#{\"name\": \"article\", \"space\": \"\", \"uid\": \"2953ad38-9c41-4faf-9470-7414987b898b\", \"id\": \"\"}-->","article",[640],{"slug":641,"name":642},"batteries","Batteries","private",{"id":49,"alt":645,"name":645,"focus":645,"title":645,"source":645,"filename":646,"copyright":645,"fieldtype":647,"meta_data":648,"is_external_url":51},"","https://a.storyblok.com/f/287943243085208/8f55dcbb1b/bm-37247704685-7828dd5332-c.jpg","asset",{"alt":645,"title":645,"source":645,"copyright":645},"Jul 16, 2020","16th July 2020",[],[],1792773939719]