Honda Starts Scaling EV Production to Compete with Tesla and Ford
Honda Motors revealed intentions to develop an electric vehicle (EV) branch in order to compete with other EV titans such as China’s BYD and the United States’ Tesla. Honda’s electrification goal will be combined with the development of cars, motorcycles, and energy items such as generators under the new business, which is expected to begin on April 1.
Honda aims to reorganise its present six regional operations into three: North America, China and adjacent territories including Japan, and an operation that encompasses the rest of Asia and Europe, in order to catch up with rivals that have been pursuing EVs many years. The consolidation of these three locations will enable Honda to “rapidly develop the execution of resource shifts in accordance with the future lineup plan in line with the electrification acceleration,” according to a spokeswoman.