Honda

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

Nexperia’s chips are widely used in automotive components, making the supply crunch the latest challenge for an industry already grappling with US tariffs and Chinese curbs on rare earths.

Global automakers scramble for chips as Nexperia supply crunch threatens production

Nissan and Mercedes are among the carmakers trying to come to grips an uncertain supply situation

Vietnam’s two-wheeler market is one of the world’s largest – worth an estimated US$4.6 billion this year

Japan warns Vietnam of job losses as Hanoi petrol-powered motorbikes ban hits Honda

The ban could result in production interruptions and the risk of bankruptcy for companies in the supply chain

Petrol motorcycles dominate Vietnam’s market, one of the world’s largest.

Honda’s grip on Vietnam motorcycle market looks shaky on EV switch

The world’s largest manufacturer of motorcycles is also producing electric models but it is not clear how many it sells in the country

Dongfeng has seen annual deliveries slump from a peak of 3.8 million vehicles in 2016 to 1.5 million last year.

Dongfeng Motor to sell 50% stake in joint venture with Honda

The plan to divest the business highlights how cut-throat the Chinese market has become in its fast-paced shift to electric vehicles

Honda said the steep 27.5% tariffs on US auto imports pulled down its operating profit for the quarter by about 125 billion yen.

Honda posts 50% fall in Q1 operating profit on tariffs, lifts full-year forecast

The automaker says full-year operating profit took a smaller hit from tariffs than initially projected in May