Tokyo, Japan: Honda Motor recently unveiled the second model of its new electric vehicle (EV) lineup in China, focusing on the rapidly expanding battery-driven automobile industry in the largest auto market in the world.
The Japanese manufacturer announced last year that it intended to release EV vehicles over the following five years under a new brand named “e:N Series” alongside partners GAC and Dongfeng Motor. In April, the first model in China started to be sold.
Catching up to competitors like Tesla who have advanced in the EV industry is a huge issue for Honda with its major Japanese competitors, Toyota and Nissan already working on similar lines.
Honda set a goal earlier this year to launch 30 EV models globally and produce about 2 million EVs annually by 2030. The automaker announced last year that, starting in 2030, it would solely sell battery-electric, hydrogen fuel-cell, or petrol-electric cars in China.
According to Honda, its efforts to become carbon neutral for all of its products and business operations by 2050 include electrification initiatives. Instead of just switching out engines for batteries, a comprehensive and multidimensional approach is required to achieve that goal. The corporation shared that it also entails employing hydrogen and interchangeable batteries.
Honda, also known as Honda Giken Kgy KK in Japan, is a well-known motorbike manufacturer as well as a significant automaker in the global market. The corporation has held the title of a global leader in motorcycle sales since 1959.