Reported about 19 hours ago
Honda Motor plans to procure batteries for its hybrid vehicles from Toyota's US plant to mitigate tariff risks posed by the Trump administration, as reported by Nikkei. Starting in fiscal 2025, Honda will source enough batteries for 400,000 vehicles, covering all its hybrid models sold domestically. This strategy follows Honda's decision to manufacture its next-generation Civic hybrid in Indiana to avoid tariffs, highlighting its shift towards local sourcing amid evolving trade policies.
Source: YAHOO