Stanley Electric forms capital alliance with Honda Motor for CASE support

Strengthen joint development, personnel exchange, etc.

The automotive industry is undergoing a once-in-a-century transformation, and as manufacturers accelerate their response to environmental issues such as CASE and carbon neutrality, both complete vehicle manufacturers and parts manufacturers need to cooperate with each other to solve various problems.

Against this backdrop, Stanley Electric has entered into a comprehensive capital and business alliance agreement with Honda Motor Co.

Details of Business Alliance

Through this capital and business alliance, both companies, as partners for the mid- to long-term future, will promote joint development, personnel exchange, and other initiatives to enhance their competitive advantages, including technological capabilities.

1. Development of next-generation lamp systems that contribute to zero traffic fatalities in response to CASE, etc., and their installation in vehicles
2. Streamlining product development and component sharing to promote global price competitiveness
3. Decarbonizing the entire supply chain to achieve carbon neutrality
4. 4. Exchange of human resources and sharing of knowledge for smooth and efficient implementation of the above.

“See”
Stanley IR/Jul 2022