|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's range||0.6970 - 0.6970|
|52-week range||0.6900 - 1.1100|
|Beta (5Y monthly)||0.30|
|PE ratio (TTM)||5.81|
|Forward dividend & yield||0.03 (4.86%)|
|Ex-dividend date||14 Sept 2022|
|1y target est||N/A|
TOKYO (Reuters) -Honda Motor Co said on Wednesday its Chinese unit will establish a joint venture with Dongfeng Motor Group and Guangzhou Automobile Group Co at the end of the month to procure batteries for fully electric vehicles. The automaker's Chinese division has also agreed to strengthen its existing partnership with CATL, the world's largest battery maker, to ensure a stable supply of batteries, it said in a statement. At present, Honda's joint ventures to manufacture and sell four-wheel vehicles in China, Dongfeng Honda and Guangqi Honda, receive their batteries separately from CATL.
Last week, Stellantis and GAC said they would end their loss-making venture producing Jeep SUVs in China only four months after Stellantis said it would raise its stake in the business. In January, GAC reprimanded Stellantis for announcing plans to raise its stake to 75% from 50%, stating the parties had not signed a formal agreement.
(Bloomberg) -- Stellantis NV’s state-owned Chinese partner accused the European company of disrespecting customers in the world’s biggest auto market in an escalation of a dispute over their failed Jeep venture.Most Read from BloombergChina’s Rebound Remains Fragile as Factories, Property SlumpThe Crypto Collapse Has Flooded the Market With Rolex and PatekBanks Used to Provide Relief From Inflation. Now They Profit BigShale Profits Finally Blossoming After Decade of Steep LossesGuangzhou Automob