Japan’s Honda Motor Co unveiled the second model of its new China-only electric vehicle (EV) lineup on Saturday, targeting the fast-growing, battery-driven car segment in the world’s largest auto market. The Japanese automaker said last year it planned to roll out EV models under a new brand called “e:N Series” over the next five years with partners GAC and Dongfeng Motor . It began selling the first model in China in April. “Honda is transforming itself into an electric brand in China with a series of unique and diverse electric mobility products that only Honda can offer,” said Honda CEO Toshihiro Mibe in a statement. A key challenge facing Honda and its major Japanese peers, Toyota Motor Corp and Nissan Motor Co , is catching up to rivals such as Tesla Inc who have forged ahead in the EV sector. Honda laid out a target to roll out 30 EV models globally and produce some 2 million EVs a year by 2030 earlier this year. Last year, it said it would introduce only electrified vehicle models in China after 2030, including battery electric, hydrogen fuel-cell or petrol-electric automobiles. Its two joint ventures, GAC-Honda and Dongfeng-Honda, plan to build new EV-only… Read full this story
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