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Hyundai Motor targeting 7% of global EV market by 2030; 1.87M BEVs

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In Seoul, Hyundai Motor Company unveiled a strategic roadmap to accelerate its electrification ambition as it pursues sustainable progress for the company. million units and secure 7% of global market share by 2030 by strengthening its line-up with 17 new BEV models by 2030; 11 for Hyundai models and 6 for Genesis luxury brand.

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Honda and General Motors sign MoU toward establishing a strategic alliance in North America

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General Motors and Honda today signed a non-binding memorandum of understanding (MoU) following extensive preliminary discussions toward establishing a North American automotive alliance. —Mark Reuss, president of General Motors. —Seiji Kuraishi, executive vice president of Honda Motor Co.,

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Honda aiming to sell 3.5M electric motorcycles per year by 2030

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Honda will introduce more than 10 new electric motorcycle models by 2025, with an aim to reach annual electric motorcycle sales of 1 million units within the next five years, and 3.5 Honda plans to introduce two commuter EV models between 2024 and 2025 across Asia, Europe and Japan. Suzuki Motor Corporation and Yamaha Motor Co.—have

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IDTechEx: despite efforts to reduces rare-earth use, percentage of permanent magnet-based EV motors rising

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While there has been much publicity and technical development towards rare-earth reduction in vehicle motors, in practice the market is seeing an increase in the number of permanent magnet motors.

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2023 Honda Accord features fourth-generation two-motor hybrid system; hybrids to account for 50% of sales

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The 11 th -generation 2023 Honda Accord will feature an available fourth-generation two-motor hybrid-electric system that’s more responsive for a sporty, exhilarating driving experience. This new configuration allows for the use of a larger propulsion motor with increased torque output. Two-motor hybrid system.

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Honda and GS Yuasa sign joint venture agreement to establish Honda?GS Yuasa EV Battery R&D Co.

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Honda Motor and GS Yuasa signed a joint venture agreement toward the establishment of a new company. To address the rapidly growing demand for batteries, the new joint venture company, which will be named Honda・GS Yuasa EV Battery R&D Co., Earlier post.)

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Honda to advance fuel cell system as core of its hydrogen business; expansion to other areas; new FCEV in 2024

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Honda held a press briefing in Tokyo on its hydrogen business initiatives. Honda said that it will take a proactive approach to increase the use of hydrogen as an energy carrier and strive to expand its hydrogen business, in addition to continuing to electrify its products. Commercial vehicles. Stationary power stations.

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