Honda adjusts its electrification strategy, shifting towards hybrid technology.

Faced with losses, Honda decided to adjust its electrification strategy, streamlining its pure electric vehicle lineup and strengthening its hybrid models. Honda believes the pure electric vehicle market is immature and plans to generate profits through hybrids first, while focusing on pure electric vehicles later. At the same time, Honda will strengthen its competitiveness in the Japanese and American markets and reassess its resource allocation in the Chinese market.