Honda is gearing up for an electrification shift in North America with two models developed with General Motors going on sale next year and a bigger EV with a new platform in 2025, a year earlier than initially announced.
"We believe that the value society places on being kind to the environment will only build in momentum," President Toshihiro Mibe said Wednesday in announcing a sprawling set of initiatives intended to put Honda on the global EV map.Mibe told reporters Tokyo-based Honda will forge ahead on investments and partnerships to realize such goals.
In China, the world's biggest EV market, Honda Motor Co. has three EV models going on sale next year, e:NS2, e:NP2 and a concept unveiled at the recent Shanghai auto show. The big question is whether Japanese manufacturers, like Honda and Toyota Motor Corp., will be able to dominate the market as they have historically with gas-guzzlers.
But it served as a painful reminder of such pitfalls, when venturing into new ground with a flagship model. Toyota previously banked on hybrids, which switch back and forth between a gas engine and electric motor, as well as fuel cells that run on hydrogen. Honda plans to leverage its strategic partnership with Hanwa Co., a Japanese trading company, to ensure stable procurement of nickel, cobalt and lithium for the batteries, according to Mibe.
Honda is also working on developing solid-state batteries for EVs Mibe said. EVs now run mostly on lithium-ion batteries.
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