Honda unveiled two electric vehicle prototypes, a sedan and an SUV, signaling its commitment to a future of battery-powered models. While the company aims for 100% zero-emission automobile sales in North America by 2040, it acknowledges the possibility of adjusting its EV investment pace if demand weakens. Production of these prototypes will commence at Honda's Ohio plant, with US sales starting in early 2024.
Honda will equip these models with its proprietary Asimo operating system, which manages advanced driver-assistance functions. Furthermore, Honda announced a partnership with Renesas Electronics Corp. to develop a high-performance system-on-chip for its 20 series models, slated for release later this decade. This collaboration seeks to achieve top-tier AI performance in the automotive industry
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South Africa to Attract Chinese Investment in Electric Vehicle IndustrySouth Africa seeks to draw Chinese investment into its R500-billion automotive industry with a new tax break for 'new-energy vehicle' production. Three Chinese automakers have already expressed interest, according to the Automotive Business Council CEO. This move comes as Chinese brands like Chery and Great Wall Motor gain traction in the South African market, challenging established players like Toyota and Volkswagen. While the industry welcomes this development, it follows concerns about the future of South Africa's car manufacturing sector due to EU regulations phasing out internal combustion engines.
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