Honda to launch next-generation EVs in China by 2027
Reuters
Published Apr 16, 2024 04:00AM ET
Updated Apr 16, 2024 05:40AM ET
TOKYO (Reuters) - Japan's Honda (NYSE:HMC) Motor plans to launch six next-generation electric vehicle (EV) models branded Ye in China by 2027, the automaker said on Tuesday.
It added that it also planned to roll out a total of 10 Honda-brand EV models in China by 2027 in the race to ensure EVs make up 100% of its automobile sales in the country by 2035.
Japan's second-biggest car maker has lagged behind European and U.S. competitors such as General Motors (NYSE:GM) and Volkswagen (ETR:VOWG_p) in ramping up EV sales.
And faced with increasing competition from Chinese EV makers, Honda and rival Nissan (OTC:NSANY) Motor said last month they were considering a partnership on key components and software.
Honda in January unveiled its "Honda 0 Series" EVs and two concept models at the CES trade show in Las Vegas.
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Written By: Reuters
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