Honda EV Plan and China
At the Beijing Auto Show, Honda announced that by 2025, more than 20 electrified vehicles will be launched in China, Those 20 models being Hybrid, Plug-in Hybrid, and Fully Electric. These cars will be built in cooperation with Honda’s joint venture partners such as GAC (Guangzhou Automobile Group Co) and Dongfeng (Dongfeng Motor Corp).
The reasons for these efforts can be most likely attributed to China’s New Energy Vehicle (NEV) mandate based on a NEV credit system. In 2017 Honda had 1.46 million vehicle sales in China and if they do not have the credits they have to buy them or risk market access.