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Honda to launch next-generation EVs in China by 2027

Published 04/16/2024, 04:00 AM
Updated 04/16/2024, 05:40 AM
© Reuters. FILE PHOTO: A Honda logo is seen at the New York International Auto Show Press Preview, in Manhattan, New York City, U.S., March 27, 2024. REUTERS/David Dee Delgado/File Photo
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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.

© Reuters. FILE PHOTO: A Honda logo is seen at the New York International Auto Show Press Preview, in Manhattan, New York City, U.S., March 27, 2024. REUTERS/David Dee Delgado/File Photo

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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