Honda CEO Toshihiro Mibe on Relation With GM, China

The transcript discusses Honda's plans for battery production, the cancellation of the Honda and GM affordable EV project due to business feasibility issues, and Honda's strategy to compete in the Chinese auto market by expanding its EV lineup.

What is the expected timeline for the pilot assembly line to become fully operational?

• 2023

• Late 2020s

• 2024

• Next fall

Why did Honda and GM decide to cancel their affordable EV project?

• High production costs

• Business feasibility issues

• Lack of market interest

• Technological challenges

What will Honda and GM do after canceling their joint EV project?

• Partner with another company

• Focus on other joint projects

• Search for solutions separately

• Continue the project with modifications

What is a significant challenge Honda faces in the Chinese EV market?

• Low consumer interest

• Lack of government support

• Fierce price competition

• Limited production capacity

How many new models does Honda plan to introduce by 2027 in China?

• 7

• 5

• 3

• 10