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Stock impact report

Honda Cancels Three Key U.S. EVs in Major Strategy Reset [Yahoo! Finance]

Honda Motor Company, Ltd. (HMC) 
Last honda motor company, ltd. earnings: 2/7 03:16 am Check Earnings Report
US:NYSE Investor Relations: world.honda.com/investors
Company Research Source: Yahoo! Finance
Photo Courtesy: Autorepublika. Honda has made a dramatic decision that sends a clear signal about how much the electric vehicle market has changed in a very short time. Just months before production was supposed to begin, the Japanese automaker pulled the plug on three major battery electric projects. As part of a sharp shift in its electrification strategy, Honda canceled the Series 0 sedan, the Series 0 SUV, and the Acura RSX electric crossover that had been planned for the U.S. market. These vehicles were supposed to mark the beginning of a completely new electric era for Honda. They were being developed on an all-new platform created from a clean sheet, with the goal of establishing the technological foundation for a family of seven EVs the company had once planned to launch before the end of the decade. The sedan, first shown in concept form in 2024, was expected to be the first production model, with the SUV set to follow soon after. Ohio Was Supposed To Be The Center Of Show less Read more
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