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Honda eyes China to develop car batteries

Tue, 05/25/2010 - 6:24am
Reuters

GUANGZHOU/TOKYO (Reuters) - Honda Motor Co is interested to develop electric car batteries in China to tap the country's technology and vast resources, its chief executive said, adding that a breakthrough was needed to bring the zero-emission cars into the mainstream.

"If there is a suitable chance, we hope to work with China to (develop) batteries," Honda Chief Executive Takanobu Ito told reporters on Tuesday in southern China, where he announced a plan to boost annual production capacity by a third to 480,000 units at a Chinese joint venture, Guangqi Honda.

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