On March 12, Honda Motor released its latest flash report for the fiscal year 2025, projecting an operating loss of 270 billion yen to 570 billion yen for the fiscal year ending April 2025 to March 2026, equivalent to approximately 11.68 billion yuan to 24.67 billion yuan. It projects a net loss of 420 billion yen to 690 billion yen, equivalent to approximately 18.17 billion yuan to 29.86 billion yuan. It is understood that this marks Honda Motor's first annual loss since its listing. Furthermore, on the same day as announcing the results, Honda also announced a significant decision to cancel certain research, development, and launch plans for US-manufactured electric vehicles.

Honda Motor (Honda) announced a deep strategic partnership with Chinese autonomous driving technology firm Momenta to jointly develop mass-producible assisted driving solutions based on end-to-end A...

【Honda Announces Solid-State Battery Pilot Line to Begin Production in Early 2025】Honda recently unveiled its solid-state battery pilot production line located in Sakura City, Tochigi Prefecture, Japan. Honda will conduct technical validation, develop mass production processes, and finalize the basic configuration of the battery cells on this pilot line. The key equipment for the pilot line has been installed, and production is set to commence in January 2025.

[Honda to Strengthen Hybrid Vehicle Production in the US] Honda Motor Co., Ltd. announced on May 23 that it would strengthen hybrid vehicle (HV) production at its plant in Indiana, located in the Midwestern US. The plant currently produces HV models and gasoline-powered vehicles of the most-traded car models, the "Civic" and the SUV "CR-V". According to Honda, approximately 247,000 vehicles were produced in 2024, with 60% being HV models. The company plans to increase the proportion of HV models in response to market demand.

[Honda Motor expects operating profit of JPY 500 billion for FY2026, down 58.8% YoY] Honda Motor expects an operating profit of JPY 500.0 billion for FY2026, a 58.8% decrease YoY, while the market estimate is JPY 1.35 trillion. Honda Motor expects net sales of JPY 20.30 trillion, a 6.4% decrease YoY, while the market estimate is JPY 21.59 trillion.

[Honda Delays Canadian EV Investment Plan by About Two Years Due to Current Slowdown in EV Demand] Due to the current slowdown in demand for electric vehicles, Honda has delayed its Canadian EV investment plan by about two years. Honda originally planned to establish a comprehensive electric vehicle (EV) value chain in Canada by investing approximately CAD 15 billion (including investments from joint venture partners), in support of the global initiative to achieve 100% of auto sales from battery electric vehicles and fuel cell electric vehicles by 2040.

On the morning of December 23, foreign media reported significant news that Japanese automakers Honda and Nissan would hold board meetings to officially initiate business integration talks, followed by a joint press conference. Notably, Nissan's alliance partner Mitsubishi Motors is also expected to participate in the meeting. Earlier, Japan's Kyodo News reported that Honda and Nissan were considering producing vehicles at each other's factories to deepen cooperation, potentially paving the way for a merger plan. It is reported that the two companies aim to complete integration talks in the future.

Honda Motor announced this week its retail sales in Chinese amounted to 206,907 vehicles for the first quarter of 2024, declining 6.1% over the previous year.

In April 2024, Honda Motor retailed 73,831 vehicles across China, marking a year-on-year decrease of 22.18%, according to the Japanese automaker's official data.

On April 25, Honda Motor announced that the all-new e:NP2 had gone on sale from GAC Honda, and the all-new e:NS2 will go on sale from Dongfeng Honda in June 2024 after its presale kicing off on May 1.