Recently, Honda R&D (China) Co., Ltd. (hereinafter referred to as "Honda China") and CATL officially signed a memorandum of understanding to deepen cooperation. Based on the existing cooperation foundation, the two parties will further cooperate in new technology research and development, supply chain management and other aspects. As the focus of this deepening cooperation, the two parties will further carry out all-round upgraded cooperation in the fields of lithium iron phosphate batteries, CTB (Cell to Body) integration technology, supply chain optimization, etc., to promote the upgrading of the new energy vehicle industry. In the future, the two parties will continue to explore new business cooperation models.