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The
Japanese automaker said last year it planned to roll out EV
models under a new brand called "e:N Series" over the next five
years with partners GAC and Dongfeng Motor. It began selling the
first model in China in April.
"Honda is transforming itself into an electric brand in China
with a series of unique and diverse electric mobility products
that only Honda can offer," said Honda CEO Toshihiro Mibe in a
statement.
A key challenge facing Honda and its major Japanese peers,
Toyota Motor Corp and Nissan Motor Co, is catching up to rivals
such as Tesla Inc who have forged ahead in the EV sector.
Honda laid out a target to roll out 30 EV models globally and
produce some 2 million EVs a year by 2030 earlier this year.
Last year, it said it would introduce only electrified vehicle
models in China after 2030, including battery electric, hydrogen
fuel-cell or petrol-electric automobiles.
Its two joint ventures, GAC-Honda and Dongfeng-Honda, plan to
build new EV-only assembly plants that are expected to begin
production in 2024.
(Reporting by Satoshi Sugiyama; Editing by Ana Nicolaci da
Costa)
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