Chinese players like BYD and Xiaomi have released low-cost EVs amid an intensifying price competition. (Nikkei montage/Source photos by Nikkei and Xiaomi)
SHOYA OKINAGA, Nikkei staff writer |
TOKYO — Honda Motor group supplier G-Tekt will partner with global steelmaking giant ArcelorMittal on a cheaper alternative to casting auto chassis parts that promises to reduce the cost of making electric vehicles, Nikkei has learned.
G-Tekt will receive technology on license from Luxembourg-based ArcelorMittal that will be used to form EV body sections combining around five to 10 components into one large piece.
