Honda to procure Toyota's US-made batteries in tariff response, Nikkei reports
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Honda Motor will source batteries for its hybrid vehicles from Toyota's US plant to mitigate tariff risks under the Trump administration.
March 17, 2025 | 1:30 pm
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POSITIVE IMPACT
Honda is procuring batteries from Toyota's US plant to mitigate tariff risks, potentially stabilizing its supply chain and reducing costs.
By sourcing batteries from Toyota's US plant, Honda aims to reduce tariff-related costs, which could positively impact its financials and supply chain stability.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Toyota's US plant will supply batteries to Honda, potentially increasing its production volume and revenue from battery sales.
Toyota's agreement to supply batteries to Honda could lead to increased production and sales, positively impacting its revenue from the US plant.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70