Honda Hybrids Planned for China
Honda Introduces 3 New Hybrid Vehicles in China
In the weeks leading up to the Beijing International Auto Show, Honda Motor Co. (NYSE:HMC) has announced that it's looking to introduce three new hybrid models to China.
The three models, the CR-Z, Insight and Fit will all be equipped with Honda’s Integrated Motor Assist lightweight and compact hybrid system. Honda indicated its next step will be to introduce hybrid models for mid to large vehicles as well as a plug-in hybrid system.
Honda also stated that by 2015, all of its vehicles sold in China will shift over to new engines that apply Earth Dreams Technology. Earth Dreams Technology is a next generation set of technological advancements that enhance driving performance and fuel efficiency.
The hope is to offer the highest fuel economy for each class of car in the Chinese market. These vehicles, including the hybrids, are to be produced locally in China.
Electric vehicles haven’t been left out of Honda’s China equation, either. Honda began electric vehicle demonstration testing in Guangzhou last year and the results were favorable.
On the Acura front, Honda announced it will introduce the new Acura NSX, which itself uses the hybrid Sport Hybrid Super Handling All Wheel Drive system. And based on Chinese demand, Acura also plans to start using much smaller engines in most of its models.
Enjoy this article? Get even more in our FREE newsletter!
After getting your report, you’ll begin receiving the Green Chip Stocks e-Letter, delivered to your inbox daily.