TSLA - Honda Continues Its EV Push With Attempt To Rejuvenate Its Positioning In China | Benzinga
Honda Motor Co Ltd (NYSE: HM) has lagged its European, U.S. and even Chinese competitors in ramping up its EV efforts in attempt to join Tesla Inc (NASDAQ: TSLA) and BYD Company Limited (OTC: BYDDY) in the all-electric race.But on Tuesday, Japan's second-biggest car maker announced its latest effort to regain its relevance in the world’s greatest EV market.
Honda Unveils A New EV Brand In China
On Tuesday, Honda revealed it will be launching six next-generation EVs in China by 2027. In addition, Honda is also planning to roll out a total of 10 Honda-brand EV models in China within the same time frame, to ensure its automobile sales in China consist entirely of EVs by 2035. Honda’s new EV brand has been named Ye.
Honda and Nissan could team up to make it in the EV world.
Last month, Honda and its Japanese rival, ...