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    7267   JP3854600008

HONDA MOTOR CO., LTD.

(7267)
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GM's China joint venture develops own auto chips

09/15/2021 | 12:35pm EDT

BEIJING, Sept 16 (Reuters) - One of General Motors Co's China joint ventures said on Wednesday it is developing auto chips and aims to increase use of locally sourced chips in the next five years.

Liuzhou-based SGMW, GM's venture with partners SAIC Motor Corp and Guangxi Automobile Group, said at an industry conference that it has been developing its own auto computing chips since 2018.

SGMW did not say whether it is merely designing chips or is also participating in chip-manufacturing but said it would boost cooperation with Chinese manufacturers to improve quality and economy of its chips.

A prolonged global shortage of semiconductor chips has affected major automakers https://www.reuters.com/technology/car-chip-shortage-abate-smartphones-could-be-next-industry-execs-2021-07-23 including Ford Motor Co, Honda Motor Co Ltd, and Volkswagen AG, forcing many to idle or curtail production.

SGMW is also developing battery-swapping stations for its micro electric vehicles, it said at World New Energy Vehicle Congress. (Reporting by Yilei Sun and Brenda Goh in Beijing Editing by Matthew Lewis)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
HONDA MOTOR CO., LTD. 1.38% 3525 End-of-day quote.22.50%
SAIC MOTOR CORPORATION LIMITED 0.91% 21.01 End-of-day quote.-14.03%
VOLKSWAGEN AG -3.18% 192.34 Delayed Quote.26.19%
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Analyst Recommendations on HONDA MOTOR CO., LTD.
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Financials
Sales 2022 15 304 B 134 B 134 B
Net income 2022 688 B 6 021 M 6 021 M
Net Debt 2022 5 272 B 46 129 M 46 129 M
P/E ratio 2022 9,02x
Yield 2022 3,30%
Capitalization 6 069 B 53 123 M 53 106 M
EV / Sales 2022 0,74x
EV / Sales 2023 0,66x
Nbr of Employees 211 374
Free-Float 91,6%
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Technical analysis trends HONDA MOTOR CO., LTD.
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 19
Last Close Price 3 525,00 JPY
Average target price 4 151,67 JPY
Spread / Average Target 17,8%
EPS Revisions
Managers and Directors
Toshihiro Mibe President, Chief Executive Officer & Director
Kohei Takeuchi CFO, Director & Compliance Officer
Toshiaki Mikoshiba Chairman
Seiji Kuraishi Chief Operating Officer, Director & Executive VP
Kunihiko Sakai Independent Outside Director
Sector and Competitors
1st jan.Capi. (M$)
HONDA MOTOR CO., LTD.22.50%52 436
TOYOTA MOTOR CORPORATION28.19%241 844
VOLKSWAGEN AG26.19%141 596
DAIMLER AG41.81%103 819
GENERAL MOTORS COMPANY36.62%84 200
BMW AG19.58%65 978