Honda was an early proponent of hydrogen fuel cell electric vehicles (FCEVs), only to realize that it had backed the wrong technology. Partnering in September with General Motors, the Japanese carmaker now aims to launch two battery electric vehicles (BEVs) for North American buyers in 2024. New CEO Toshihiro Mibe also announced in his first month on the job that the company will shift entirely to zero-emission BEVs and FCEVs by 2040, in part by developing its own platform. The carmaker shook off the effects of the pandemic better than most, posting an annual 4% gain in operating profit. For the current year, Honda forecasts a 10% increase in sales to some 5 million vehicles.
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