Summary of 2023 Honda Business Briefing
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Japan announces $1.8B in subsidies for storage battery, chip projects
April 28, 2023 7:35 AM EDTIndustry Minister Yasutoshi Nishimura announced Friday that Japan will provide as much as $1.8 billion in subsidies for a slate of storage battery and chip-related projects, marking Tokyo's latest push towards greater supply chain security.
The Japanese government plans to give up to 184.6 billion yen ($1.38 billion) in subsidies for eight storage battery-related proposals and up to 56.4 billion yen for two semiconductor-related projects,... More
Honda (HMC) and Honda USA award over $2.7M to advance environmental conservation activities
April 27, 2023 1:52 PM EDTJapanese automaker, Honda (NYSE: HMC) and the Honda USA Foundation announced Thursday that they have awarded more than $2.7 million in funding to a variety of environmental education and conservation initiatives across the U.S.
The funding includes $625,000 to support The Nature Conservancy (TNC) programs across 10 states and an additional $2 million in financial grants to 67 organizations undertaking environmental and conservation initiatives across multiple... More
Honda (HMC) and GS Yuasa to invest $3b for battery development
April 27, 2023 1:41 PM EDTThe Nikkei news reports Thursday that Honda Motor (NYSE: HMC) alongside battery maker GS Yuasa Corp will invest over 400 billion yen ($2.99 billion) and team up to produce batteries for electric vehicles (EVs) and homes.
The report states that the companies will... More
Honda (HMC) enters collaboration agreement with TSMC
April 26, 2023 8:19 AM EDTHonda Motor Co. (NYSE: HMC) said Wednesday that the Japanese automaker had struck a strategic collaboration agreement with Taiwan Semiconductor Manufacturing Co (TSMC) (2330.TW) as part of efforts to secure a stable supply of semiconductors.
Honda will build direct relationships with chip producers for the long-term stable supply of... More
