International Companies

Honda to slash EV spending as market slowdown continues

By Benjamin Chiou

Date: Tuesday 20 May 2025

(Sharecast News) - Japanese auto giant Honda Motor has announced that it is slashing its investments into electric vehicles by 30%, just a week after it postponed building a new EV battery plant in Canada.
The company said on Tuesday that it would now be spending JPY7trn ($48bn) on its electrification...

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