Honda and CATL have reportedly teamed up to build affordable all-electric Fit-based car

Honda and CATL have reportedly teamed up to build affordable all-electric Fit-based car

According to a Nikkei report, Japanese automaker Honda is partnering with China’s biggest battery manufacturer CATL to work on an important new global electric vehicle (EV) program.

The disclosure by Nikkei is noteworthy because Honda is one of the leading automakers that have made very little EV efforts. As a result, the automaker is currently lagging behind its competitors in terms of attempts being made towards the electrification of vehicles.

The Nikkei report has revealed that the important EV program for which Honda is teaming up with CATL -- a company that has signed contracts with the Nissan-Renault, NEVS, and other automakers -- will focus on developing an all-electric car “based on Honda’s Fit mini vehicle.”

The report has further elaborated that the all-electric which Honda and CATL plan to create will be affordably priced at “slightly more than 2 million yen ($18,000).” The car will be equipped with “a small battery” and will have “a relatively short range of 300km on a single charge.”

As per the report, Honda and CATL plan to produce 100,000 units of the all-electric car per year, with the production likely to commence in 2020. The car will be sold in China as well as in other markets.

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