TOKYO – Honda’s big bet on electric vehicles backfired in the latest fiscal period, hurting the Japanese carmaker more than tariffs and tipping its auto business into the red.
November 08, 2025 12:09 AM
Key Takeaways
- Honda booked a ¥1.5 billion EV-related charge, tipping its auto unit into loss.
- The EV burden exceeded tariffs, and overall operating profit fell 41 percent.
- Honda will delay electrification plans and cut 2030 EV targets to about 700,000 to 750,000.
- A Nexperia chip dispute curtailed production, costing ¥150 billion and 110,000 lost sales.
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