Honda, EV
Digest more
Honda Motor Co., Ltd on Tuesday released new details explaining why it is delaying its planned $15 billion investment in a battery and electric vehicle complex in Ontario by around two years.
Honda will shift its focus to gasoline-electric hybrid vehicles, including a next-generation technology debuting in 2027.
Honda reduces investment in electrification strategy due to market uncertainty and shifts focus to hybrids production.
1d
DPA International on MSNJapan's Honda lowers electric vehicle goals amid strategic shiftJapanese carmaker Honda Motor announced on Tuesday that it is realigning its automobile strategy, lowering its planned electric vehicle (EV) sales targets and reducing investment in EV development in response to a recent market slowdown.