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MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  Honda Motor Co., Ltd.    7267   JP3854600008

HONDA MOTOR CO., LTD.

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Honda to roll out its 1st mass-market electric car in Japan in Oct.

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08/27/2020 | 03:28am EDT

Honda Motor Co. said Thursday it will start selling its first mass-produced electric car on Oct. 30 in Japan as part of its drive to electrify a large portion of its vehicles over the next decade.

The new "Honda e" four-seater compact car, with a suggested retail price from 4.51 million yen ($42,500), has a driving range of up to 283 kilometers under the Worldwide Harmonized Light Vehicles Procedure standard, Honda said.

While its range is considerably lower than larger electric vehicles including Tesla Inc.'s lowest-priced Model 3 and Nissan Motor Co.'s Leaf, the Honda e features the latest information technology such as smartphone-controlled door locks and starter, the company said.

The car can also be equipped with a side camera mirror system and an automatic parking feature, it said.

The Honda e's highest trim will carry a price tag of 4.95 million yen. The model is eligible for central and local government subsidies.

Honda expects to sell 1,000 units a year of the new model in Japan. It already launched the vehicle in Europe earlier this month, with an annual sales target set at 10,000 units.

Honda is aiming for EVs, fuel-cell vehicles, plug-in hybrids and other hybrids to account for two-thirds of its cars sold globally by 2030.

Nissan has pursued EVs more aggressively than its domestic rivals, though European brands are more quickly catching up with Tesla and Chinese manufacturers.

In July, Nissan unveiled its new Ariya crossover EV to go on sale in Japan in mid-2021 and other major markets including North America, Europe and China by the end of that year.

Toyota Motor Corp. plans to introduce a small electric two-seater car mainly targeted at elderly drivers later in the year in Japan. Toyota, which sold over 9.7 million vehicles in 2019, aims to boost its global sales of EVs including hybrid cars to 5.5 million units by 2025.

==Kyodo

© Kyodo News International, Inc., source Newswire


Stocks mentioned in the article
ChangeLast1st jan.
HONDA MOTOR CO., LTD. 1.81% 2611.5 End-of-day quote.-15.73%
NISSAN MOTOR CO., LTD. 4.78% 385.6 End-of-day quote.-39.38%
TESLA, INC. 1.23% 427.66 Delayed Quote.404.31%
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Financials
Sales 2021 12 595 B 120 B 120 B
Net income 2021 235 B 2 244 M 2 244 M
Net Debt 2021 4 750 B 45 435 M 45 435 M
P/E ratio 2021 18,9x
Yield 2021 1,91%
Capitalization 4 511 B 42 727 M 43 146 M
EV / Sales 2021 0,74x
EV / Sales 2022 0,66x
Nbr of Employees 218 674
Free-Float 91,2%
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Honda Motor Co., Ltd. Technical Analysis Chart | MarketScreener
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Technical analysis trends HONDA MOTOR CO., LTD.
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 18
Average target price 3 359,38 JPY
Last Close Price 2 611,50 JPY
Spread / Highest target 49,3%
Spread / Average Target 28,6%
Spread / Lowest Target -4,27%
EPS Revisions
Managers
NameTitle
Takahiro Hachigo President, CEO, Representative Director, Head-R&D
Toshiaki Mikoshiba Chairman & Head-External Affairs
Seiji Kuraishi COO, Representative Director, VP & GM-Automobile
Kohei Takeuchi Senior MD, Head-Finance & Administration
Yusuke Hori Executive Officer & GM-Information Technology
Sector and Competitors
1st jan.Capitalization (M$)
HONDA MOTOR CO., LTD.-15.73%41 967
TOYOTA MOTOR CORPORATION-9.14%182 661
VOLKSWAGEN AG-21.49%85 457
DAIMLER AG-2.13%61 604
GENERAL MOTORS COMPANY-2.73%50 947
BMW AG-12.25%48 903