Honda's $15.7 billion EV writedown is painful, but China challenges loom down the road
Published on: March 13, 2026, 3:42 p.m. | Source: The Economic Times
Honda faces a massive financial hit and strategic shift in its electric vehicle business. The Japanese automaker is writing down billions due to a U.S. strategy reversal and struggles in China. Honda will now focus on hybrid vehicles in the U.S. and aims to strengthen its presence in India.
