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Just as Honda was announcing taking a step back from electrification, the world's biggest EV battery maker was making a splash on the Hong Kong market.China's Contemporary Amperex Technology Co., ...
(CNN)– Honda is pumping the brakes on its electric vehicle production. The automaker says it will cut investments into EV’s by around $20 billion over the next few years. Honda is now reviewing the ...
That increase in customer conquesting, as the industry refers to it, comes as Cadillac offers a relatively full lineup of EVs and as Tesla faces declining sales and boycotts this year amid CEO Elon ...
The automaker cites a market slowdown as it cuts its planned investment, but a couple of futuristic EVs are still in the ...
Originally aiming for EVs to comprise 30 per cent of its global vehicle sales by 2030, Honda has now abandoned that target.
Honda has looked at rapidly growing global EV sales and decided it would rather make itself irrelevant by reducing investment in EVs.
Honda said despite the shift in strategy, it still aims for all of its global new-vehicle sales to come from battery-electric ...
CEO Toshihiro Mibe called it “a switch in the planned course,” stressing the long-term shift toward electrification remained ...
Honda’s two-motor e:HEV hybrid system will also see improvements, offering enhanced efficiency and better packaging. A new ...
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