Honda Launches Prime Electric Car in China

Honda Motor Company (HMC) will launch its first electric car in China in 2012. Currently the company is studying the possibility to market the pure electric-energy vehicles in hopes it can boost sales in the country with the largest automotive market in the world. To smooth the move, Honda is now preparing the test program in several countries including Japan, the United States, and China. Two models are more developed, the hatchback Jazz (Fit) and medium sedan Accord hybrid plug-in that was tested in Saitama, Japan.

Takanobu Ito, President of Honda as reported by Dow Jones, today (12/21/2010) says, launching China’s first electric car depends on government policy encouraging the use of energy friendly vehicles, fuel efficient and desired to see what strategies local partners. However, large market potential in China and support incentives hindered by China’s policy of requiring all foreign automakers to transfer technology of electric cars on local partners. The target, China’s auto industry could become independent and to apply this new technology in the next 10 years. Well, this policy of course is deemed contrary and detrimental to foreign principals.