Japanese auto marque Honda is reportedly buying a stake in a Chinese battery maker that’s a big supplier to the electric vehicle market. Reuters reports that Honda will purchase a 1% stake in Chinese electric vehicle (EV) battery maker Contemporary Amperex Technology, better known as CATL. The two are reported to be working together to develop EV batteries. [Read: How you can watch BMW unveil its hotly anticipated iX3 EV next week] You might not know the CATL name, but you’ll probably know many of the companies that they supply — Tesla being one of the most well-known. CATL also…

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