We have no chance against this: Honda reacts to China's supplier strength
7 hours ago
- #China Competition
- #Electric Vehicles
- #Automotive Industry
- Honda's CEO Toshihiro Mibe warned after visiting a Shanghai supplier factory that Honda has 'no chance against' China's competitive strength.
- Honda's sales in China dropped for the fifth consecutive year in 2025, with utilization of manufacturing capacity falling below profit thresholds.
- China's auto industry develops new cars in about two years, a pace much faster than legacy automakers, aided by cost-efficient suppliers.
- Honda is restructuring its R&D to accelerate development by moving engineers to a more autonomous subsidiary.
- Other automakers like Ford and Toyota have also expressed concerns about China's production capacity and competitive threat to their survival.