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Honda plans a $20 billion pivot to hybrids

Autoweek on MSN · 6h

Honda Is Suddenly Scaling Back EV Plans

The automaker cites a market slowdown as it cuts its planned investment, but a couple of futuristic EVs are still in the works.

Insider on MSN · 1d

Honda plans a $20 billion pivot to hybrids as EV sales slow

Honda plans to reduce EV investment by $20 billion to focus on hybrids amid a global sales slowdown.Its CEO cited regulatory changes and slowing EV growth as key reasons for a strategic shift.The abandoned merger with Nissan adds pressure on Honda to safeguard its future.

Autoblog on MSN · 1d

Honda Downshifts on Its EV Goals Amid Trade, Sales Woes

At the company’s annual business briefing in Tokyo on May 20, Honda CEO Toshihiro Mibe revealed plans to erase nearly 30% of its original multi-trillion-Yen investments, dialing down its EV and software research and development budget from ten trillion yen (~$68.97 billion) to seven trillion yen (~$48.28 billion).

5h

Honda Slashes EV Investment, Shifts Focus to Hybrids and Flexible Manufacturing

Honda is cutting its global EV investment by 30% and delaying its Canadian EV project, shifting focus to hybrid vehicles ...

1d

In EV reality check, Honda CEO Toshihiro Mibe cuts sales, investment targets

Honda will shift its focus to gasoline-electric hybrid vehicles, including a next-generation technology debuting in 2027.

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