Honda indicators joint improvement settlement with Boston-based EV battery R&D agency SES

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Honda Motor Company had signed a joint improvement settlement for lithium-metal batteries with Boston-based EV battery firm SES Holdings Pte Ltd.

Japanese automaker Honda Motor Co. on Wednesday stated it has signed a joint improvement settlement for lithium-metal batteries with Boston-based EV battery firm SES Holdings Pte Ltd.

In an announcement, Honda stated that SES plans to checklist on the New York Stock Exchange by means of a Special Purpose Acquisition Company (SPAC) transaction, and the Japanese automaker plans to purchase roughly 2% of listed firm SES AI Corporation. Is.

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Lithium-metal batteries are anticipated to attain increased power densities than lithium-ion batteries, that are utilized in most battery-electric automobiles immediately.

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With inputs from NDTV

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