Honda is creating a new division for electrification

Honda is further accelerating its move to electrification by announcing the creation of a new division, Electrification Business Development Operations.

This will support the development of electric vehicles, accelerating the Japanese company’s goals of offering 30 electric cars worldwide by 2030, selling 2 million electric vehicles annually by then.


For this purpose, Honda will invest 5 trillion. yen (€35.3 billion) in the new division, which will develop, among other things, two electrics for the US market together with GM and 10 new electrics for the Chinese market by 2027. Honda will develop a new platform for its electric models, the Honda e:Architecture which will be available in 2026.

At the same time, Honda is creating the departments Corporate Strategy Operation and Corporate Management Operation, with the former charged with formulating, executing and communicating its corporate strategies, while the latter will seek to optimize corporate resources.

The above changes will take effect from April 1st.

Source: by

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