Honda’s electrified vehicles, including EVs and hybrids, accounted for over a quarter of US sales last year. The company sold over 308,500 hybrids and 40,400 electric vehicles in the US in 2024. The batteries will likely be used in the CR-V and other Honda hybrid vehicles.

Has Toyota now become a battery supplier? That's certainly the plan, as it's set to supply fellow Japanese automaker Honda with batteries to power up around 400,000 of its hybrid vehicles sold in the U.