Honda cancels its $11B EV and battery plant in Canada due to a slowing US EV market and increased competition. This follows the cancellation of several EV models and reflects a broader shift in the auto industry away from EVs towards hybrids.
Honda reports a massive $15.7 billion loss amid a strategic shift away from several EV developments. Facing stiff competition from China, the automaker is pivoting toward hybrids and specific Asian market projects.
Honda faces sales declines in Asia due to Chinese EV competition. GM is shifting its supply chain from China amidst geopolitical tensions. Automakers are reassessing strategies.
Honda teases the Super EV Concept, a potential successor to the Honda e. Aiming for the competitive European market, the electric city car prioritizes affordability. Official debut at Goodwood Festival of Speed.
Even Honda's CEO struggled to find the right words to describe just why it wanted to go through with the merger, and including Mitsubishi in the entire ordeal seems like more of a courtesy since the brand has been doing business with both
