Honda CEO Toshihiro Mibe’s February visit to a bustling electric vehicle plant in China left him deeply concerned.
May 29, 2026
By Theodore Opara
Honda CEO Toshihiro Mibe’s February visit to a bustling electric vehicle plant in China left him deeply concerned.
Like other major automakers, Honda was forced to rapidly pivot in mid-2025 after an abrupt policy shift in the United States eliminated a longstanding electric vehicle tax credit.
American manufacturers Ford and General Motors both sustained multi-billion-dollar losses, while Honda’s losses topped $15.7 billion.
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Company aims to rebound to net profit in FY26 despite massive EV-related losses
