Honda Adjusts EV Strategy, Lowering Sales Targets and Investment Plans
2025/05/20
General News
Honda
MalaysiaClick original text link for more information
Paul Tan
Hot News
2025 Hongqi H9 Released at a Limited-Time Price of 235,800 Yuan, with Multiple Purchase Benefits
The 2025 Hongqi H9 has been released at a limited-time price starting from 235,800 yuan, valid until May 31st. Buyers can enjoy multiple benefits, including up to 35,000 yuan trade-in subsidies, a 6,800 yuan lighting package, 20-inch wheels, and dual-color paint. The car offers two exterior styles: Luxury Business Edition and Private Fashion Edition. The interior features dual 12.3-inch screens and 253-color ambient lighting. Powertrain options include a 2.0T engine and a 3.0T V6 engine, both paired with an 8-speed automatic transmission. The 3.0T model comes standard with all-wheel drive and air suspension.
New Cadillac XT4 to Launch with Upgraded Configurations and Enhanced Smart Interaction
The new Cadillac XT4 is set to launch on May 25th, with a price range of 229,700-275,700 yuan. The exterior retains the current diamond-cut design, with dimensions of 4602/1881/1630mm and a wheelbase of 2779mm. The interior features a 33-inch wrap-around screen with a 9K resolution, and the infotainment system has been upgraded with new theme desktops and connectivity functions. Safety features include a BFI one-piece high-strength body and ESS intelligent protection system. Powertrain options include 1.5T and 2.0T engines, both with 48V mild-hybrid systems, paired with a 9-speed automatic transmission.
Spy Photos of New Wuling Silver-Label MPV Unveiled, Featuring Plug-in Hybrid System
A new Wuling Silver-Label MPV has been spied in domestic social media. The vehicle is expected to have a similar size to the Wuling Kaijie, featuring a 7-seat layout and targeting the home-use market. The exterior adopts a new design language with square headlights, low-drag wheels, and a sliding door. The rear includes a large spoiler and “Y”-shaped taillights. The interior features a multifunctional flat-bottom steering wheel, a simple dashboard, and leatherette seats. The car is expected to be equipped with Zhuoyu Technology’s driving assistance system, offering highway navigation assistance for products under 100,000 yuan. Powering the MPV is the Lingxi plug-in hybrid system, consisting of a 1.5T engine and an electric motor with a combined output of 105 kW and 160 kW, respectively. The battery capacity is 20.5 kWh, providing a CLTC range of 140 km.
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Omoda | Jaecoo Malaysia Expands Facility Network with New Parts Warehouse
Omoda | Jaecoo Malaysia has announced the expansion of its facility network with a new parts warehouse owned and operated by Chery Corporate Malaysia. Located in Shah Alam’s Hicom Industrial Estate, the 88,000-square-foot facility supports the company’s brand portfolio. It houses approximately 10,000 parts for all Omoda | Jaecoo models and also stocks parts for the upcoming iCaur 03, set to launch in Q3 this year. Omoda | Jaecoo Malaysia currently has 45 dealerships nationwide for sales and aftersales services, while iCaur has announced 11 partner dealers with further expansion plans across the country.
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Spy Shots of New XPeng P7 “Pengyi Edition” with Electric Spoiler and Brembo Brakes
The new XPeng P7 “Pengyi Edition” spy shots have been revealed. The car retains the popular “Pengyi door” design and features an electrically adjustable spoiler and orange Brembo brake calipers. The exterior is coated in a striking lemon green, paired with orange calipers for a bold visual impact. The rear spoiler enhances downforce and high-speed stability. The front fascia retains the Penetrating strip lights and vertical daytime running lights，with headlights integrated into a black trim strip and a lower spoiler design. The side profile features an optimized fastback shape with a blacked-out A-pillar creating a floating roof effect, and “X”-shaped wheels that echo the brand logo.
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Honda Adjusts EV Strategy, Lowering Sales Targets and Investment Plans
Honda has announced a strategic realignment, lowering its sales targets and scaling back investment plans for electric vehicles. CEO Toshihiro Mibe revealed that the company will now invest seven trillion yen (down from the previously planned 10 trillion yen) in EVs and software development. Honda expects the proportion of EVs in its total sales to fall below the previously announced target of 30% by 2030, likely closer to 20%, due to changes in market conditions. To offset this, Honda will shift focus to hybrids, launching 13 next-generation HEV models globally from 2027 onwards. These HEVs will feature improved fuel efficiency and cost reductions of over 30% compared to current models. Despite the shift, Honda remains committed to EVs as the optimal solution for achieving carbon neutrality, with the upcoming 0 Series (including the 0 SUV and saloon) remaining a key part of its future EV strategy.