cross-posted from : https://lemmy.zip/post/62156706

Company executives said that “Honda was unable to deliver products that offer value for money better than that of newer EV manufacturers,” making it uncompetitive. So it was recording billions in losses and packing up.

It was Mibe, who is now Honda President, who said that the company had “no chance,” reports Nikkei Asia. Mibe was touring the factory of a supplier in China where there were no humans on the production floor. He learned that Chinese factories could build fast and cheap, but also with quality.

  • ɔiƚoxɘup@infosec.pub
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    2 months ago

    Interesting article, but irrelevant. I can’t afford to buy a new car anyway. I feel like I’ll be stuck with an ICE forever.

      • ɔiƚoxɘup@infosec.pub
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        2 months ago

        Dunno. Probably because I can’t afford a payment when I have a car that works, so I’ve not looked. Hard to find things you’re not looking for.

        I mean for that matter, I really don’t know a lot of people that can afford a new car.

        Sounds like you made some assumptions.

        I do take your point though. When I do finally have to buy, I’ll be looking for a used EV. I hear their batteries are lasting longer than anyone expected. I’m feeling optimistic about that.

        I’m also hopeful about sodium batteries for residential storage, but that’s a whole. Nither kettle of worms.

    • sparkyshocks@lemmy.zip
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      2 months ago

      Today’s new cars are tomorrow’s used cars. What happens in the new car market now will directly affect what is available on the used car market 5, 10, 15 years from now.