Chinese battery maker CALB readies for overseas push with Honda

CALB

24/02/2023 05:00

SHANGHAI, Feb 24 (Reuters) - 
    Chinese battery manufacturer CALB  3931.HK  has been given
the go-ahead to become an offical supplier to Japan's Honda
Motors  7267.T  in what the Hong Kong-listed company says is a
key milestone in its overseas expansion. 
    The development follows CALB's passing of audits jointly
conducted by experts in both Japan and China, covering its
production capacity and quality assurance capability, and opens
the door for CALB to begin officially supplying products for
Honda's e:NP1 and e:NS1 models, according to a statement
published on CALB's official WeChat account on Thursday.
    "Becoming an official supplier of Honda Motors is another
key milestone for the company to further develop overseas," CALB
said. 
    CALB’s automotive customers already include major local
players Xpeng and NIO and its international expansion marks a
challenge to compatriot CATL  300750.SZ , the world's largest
battery maker with 37% of global market share.
 (Reporting by Casey Hall; Editing by Lincoln Feast.)
 ((Casey.Hall@thomsonreuters.com;))