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Honda Motor (TSE:7267) Is Down 7.4% After Major EV Writedown And Hybrid Pivot - What's Changed
In March 2026, Honda Motor Co., Ltd. cancelled the development and launch of several North American electric vehicle models and revised its fiscal 2026 guidance from an operating profit of ¥550.00 billion to an operating loss of ¥270.00–¥570.00 billion, driven by very large EV-related writedowns and equity-method losses.
The company’s reset underscores how weak EV demand, tariff pressures, and rising competition, especially from Chinese automakers, have forced Honda to rethink its...