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honda faces challenges in the electric vehicle era as competition intensifies

Honda, the world's largest engine manufacturer, faces challenges in the electric vehicle (EV) era, struggling to keep pace with competitors, particularly in China. While the company has invested $65 billion in EVs and software, it relies on partnerships for its initial U.S. models, raising concerns about its ability to adapt to the rapidly shifting automotive landscape. Despite being a leader in hybrid sales, experts question whether Honda can maintain its relevance as the market increasingly favors battery-electric vehicles.
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United States Dollar Honda Motor Co., Ltd. Toyota General Motors Company USA CHN CAN JPN Jake Fisher Karl Brauer Gregory Noble Show more
Technology & Innovation, News Article
14:00 22.11.2024
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