Honda Statement on Agreement Between United States and Japan to Strengthen EV Battery Critical Minerals Supply Chains

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– March 29, 2023 – (Motor Sports NewsWire) – We welcome the agreement between the United States and Japan to strengthen mineral supply chains that are critical to electric vehicles. Honda continues to localize and bolster our EV battery supply chain as we work to fulfill our vision of 100% electric vehicle sales by 2040. To reach this goal, it is essential to have a robust and resilient EV supply chain that includes access to critical minerals for EV battery components and materials.

We look forward to reviewing the agreement in detail, and we support the Administration’s efforts to partner with strong allies as we work collectively to accelerate EV adoption.

About Honda Manufacturing in America

Honda has been producing automobiles in America for over 40 years, beginning in November 1982 with the start of automobile production at the Marysville Auto Plant.

In 2022, more than two-thirds of all Honda and Acura automobiles sold in the U.S. were made in America, using domestic and globally sourced parts. Honda’s cumulative auto production in America now exceeds 30 million vehicles. Honda established manufacturing operations in America in 1979 with the start of motorcycle production in Marysville, Ohio, and today has one of the largest and most diverse U.S. manufacturing footprints of any international company. The company’s 12 plants employ more than 22,000 associates in America, supporting operations that have an annual capacity of more than 1.27 million automobiles, 1.52 million engines, 500,000 power equipment products and 300,000 powersports products, as well as the HondaJet advanced light jet and GE Honda HF120 turbofan engines.

Cumulatively, Honda has invested $19 billion in its U.S. manufacturing operations, including more than $3.2 billion over the past five years alone. The company also works with over 600 U.S. original equipment suppliers, with U.S.-sourced parts purchases of approximately $470 billion since 1979.

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Source: American Honda Motor Co., Inc.