Honda Pledges to Only Sell Electric Cars in China After 2030

Bloomberg2021-10-13

Japanese firm plans 10 EV models in nation within five years Carmaker to build two new EV plants in China, starting in 2024 Honda Motor’s “e:N Series” Source: Honda Motor Co. Honda Motor Co. is ...

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mrspid3r
2021-10-13
mrspid3r
Like
Kerrisdale
2021-10-13
Kerrisdale
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- Carolir:
  .
- mrspid3r:
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Anneater
2021-10-13
Anneater
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- Pepeflabs:
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KYBoo
2021-10-13
KYBoo
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- KYBoo:
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- andrewtingg:
  Ok
Dita
2021-10-13
Dita
Will it just encourage coal mining for power plants?
ahteow
2021-10-13
ahteow
Please help to like my post 🙏🏻🙏🏻🙏🏻 will comment/like back
- W00dy:
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In addition, a strategic partnership with Contemporary Amperex Technology Co. Ltd., now the world’s largest maker of EV batteries, will be strengthened, Honda said. The two companies signed an agreement to cooperate on R&D in July last year when Honda bought a stake of around 1% in CATL.\nHonda will face stiff competition, however.Toyota Motor Corp. and Nissan Motor Co. are also in China with Toyota planning 15 battery models by 2025 and Nissan already saying it will only sell electric and hybrid models by that date.\nTesla Inc.’s Shanghai factory, meanwhile, now produces more EVs than its one in Fremont, California. Tesla also reported record China shipments this week, delivering 56,006 cars in September for domestic purchase and export. And China’s EV sector is increasingly dominated by homegrown brands like Nio Inc. and Xpeng Inc., with European brands such as BMW AG and Volkswagen AG struggling to win over local consumers.\nStill, EVs in China are on a steep growth trajectory. Figures from the nation’s Passenger Car Association showed deliveries of new-energy vehicles, which includes EVs and plug-in hybrids, soared 202% from a year earlier to 334,000 units last month.\n“We see strong sales momentum for new-energy vehicles going forward,” PCA Secretary General Cui Dongshu said on Tuesday. McKinsey & Co. predicts the share of EVs in China will climb above 70% of new car sales by 2030, underscored by robust customer demand and a charging network that’s much more advanced than many Western nations.\nGlobally, Honda has said it wants to have EVs or fuel-cell vehicles comprise 40% of overall sales by 2030, 80% by 2035 and 100% by 2040.\n“To achieve these targets speedily and steadily, in China, after 2030, Honda will no longer introduce any new gasoline-powered models and will electrify all new models coming to market,” it said on Wednesday.\nThe carmaker’s China push will also involve creating sales areas dedicated to the e:N Series at around 1,200 Honda dealerships around the country. Honda is also planning to launch e:N dealerships in major cities that will only sell the electric 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it just encourage coal mining for power plants?&nbsp;","listText":"Will it just encourage coal mining for power plants?&nbsp;","text":"Will it just encourage coal mining for power plants?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/822208209","repostId":1122218945,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":822645831,"gmtCreate":1634131283634,"gmtModify":1634131284489,"author":{"id":"3582798567261027","authorId":"3582798567261027","name":"ahteow","avatar":"https://static.tigerbbs.com/04994b0076f47a9683145b87f1db4ddd","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"Please help to like my post 🙏🏻🙏🏻🙏🏻 will comment/like back","listText":"Please help to like my post 🙏🏻🙏🏻🙏🏻 will comment/like back","text":"Please help to like my post 🙏🏻🙏🏻🙏🏻 will comment/like 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