Honda’s $15.7 billion writedown of its electric vehicle business is not just a painful reversal of its strategy for the U.S.; it also highlights more challenges to come from China, where it faces a widening technological gap.
On Thursday, Japan’s second-largest automaker said it would restructure its EV business – primarily in the U.S. – and write down the value of some Chinese operations, a move that could amount to an estimated 2.5 trillion yen ($15.7 billion). It wil… [3352 chars]
Source: Reuters | Published: 2026-03-13T09:52:51Z
Credit: Reuters
