Honda's EV Retreat Poses Major Ramifications For Japanese Clean Tech

(MENAFN- Investor Brand Network) Honda has scrappe battery-electric vehicle programs it was building for the American market and absorbed a multibillion-dollar write-down to do it. The announcement has trained a harsh spotlight on something bigger than a single corporate miscalculation. Across Japan's automotive industry, a strategic failure has been accumulating quietly for years. Honda has now brought it into plain view.

American EV makers like Rivian Automotive Inc. (NASDAQ: RIVN) may need to study the global automotive landscape in...

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