Honda to Launch 10 Electric Two-Wheelers Within 3 Years

(Photo by Nihon Keizai Shimbun)

[Asia Economy Reporter Yujin Cho] Japanese automaker Honda announced plans to launch more than 10 electric two-wheelers in the global market within the next three years.

According to the Nihon Keizai Shimbun on the 13th, Honda has set a goal to convert 3.5 million units, equivalent to 15% of global two-wheeler sales, to electric two-wheelers by 2030. The company plans to switch all two-wheeler production to electric vehicles by the 2040s.

Honda leads the world in two-wheeler sales but has not previously disclosed specific goals or plans for its electric two-wheeler business.

At a press conference held at headquarters on the same day, Hirohei Takeuchi, Honda’s Vice President, emphasized, "Although there are challenges different from those in automobiles, we will maintain our position as a global top maker in electric two-wheelers."

He also announced plans to increase annual electric two-wheeler sales from the current 100,000 to 200,000 units to 3.5 million units.

Initially, Honda plans to release two small electric two-wheelers in the Asian market by 2024?2025, followed by three large two-wheelers in the U.S. and Europe.

The company is also considering equipping two-wheelers with next-generation solid-state batteries, currently being developed for electric vehicles. Solid-state batteries replace the liquid electrolyte between the cathode and anode with a solid, enhancing safety and performance, and are regarded as next-generation batteries.

Honda has maintained a leading position in the global two-wheeler market with a 30% market share. The operating profit margin of Honda’s two-wheeler division was 14% in the first quarter of this year, significantly outperforming the automobile division’s 3%.

This content was produced with the assistance of AI translation services.