Honda

Honda to shut two plants in China jointly owned with GAC, Dongfeng, magazine says

[TOKYO] Honda Motor will shut two internal combustion engine car plants in China and slash annual production capacity in the country to 720,000 vehicles, Japanese magazine Toyo Keizai reported on Frid...

Honda expects to incur as much as 2.5 trillion yen in expenses and losses over multiple financial years due to strategy shift.

Honda flags operating loss of as much as US$3.6 billion this fiscal year

The loss is due to mounting costs related to its electric vehicle strategy

Honda said its automobile business slipped into an operating loss over the nine-month period to the end of December.

Honda reports more than 60% drop in third-quarter operating profit

The company keeps its operating profit forecast for the year ending March 2026 at 550 billion yen

Chinese luxury car brand Hongqi has launched the E-HS9, an EV that could cost around S$500,000.

China brands go upmarket as Japan mounts EV charge at Singapore Motorshow

Models from Chinese carmakers priced from S$500,000 debut; Toyota and Honda officially introduce electric vehicles

The asset sale comes after LGES said Ford Motor terminated an EV battery supply deal worth about 9.6 trillion won (S$8.5 billion).

LG Energy Solution unit to sell US$2.86 billion US factory assets to Honda

This excludes land and equipment, and is meant to ‘improve joint venture operational efficiency’

A BYD car on display in Thailand.

As Thailand’s EV adoption grows, its automotive market wrestles with aftershocks 

China EVs have brought price wars, consumer uncertainty and infrastructure concerns 

Honda now expects to sell 925,000 vehicles in Asia, including China, in the current financial year, a decline of more than 10 per cent from its previous target of 1.09 million cars.
ANALYSIS

Honda’s bigger threat comes from China's EV makers, not tariffs or chips

Japan’s second-largest automaker cuts its full-year outlook by a fifth

For the first half of the current financial year, Honda’s automobile business posted an operating loss, due in large part to 224 billion yen worth of one-time expenses related to electric vehicles.

Honda cuts annual operating profit outlook on EV cost hit, slow Asia sales

It cut its operating profit forecast for the year through March 2026 to 550 billion yen (S$4.67 billion) from 700 billion yen