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Honda Makes Operational Changes To Push Electrification Business

Honda Motor Co Ltd (NYSE:HMC) will make organizational and operational changes, effective April 1, 2023. The automaker is set to further…
byShivani Kumaresan
January 24, 2023
1 minute read
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  • Honda Motor Co Ltd (NYSE:HMC) will make organizational and operational changes, effective April 1, 2023.
  • The automaker is set to further solidify the direction of the organizational changes made last year with an eye toward the realization of carbon neutrality by 2050.
  • The company will create new Electrification Business Development Operations to consolidate the business strategy and BEV product development functions of the automobile business.
  • Also Read: Honda Partners With GS Yuasa For Lithium-Ion Batteries
  • The current six regional operations will be consolidated into three regional operations, North America, China and Associated Regions.
  • The Corporate Strategy Operations and Corporate Administration Operations will be newly created. 
  • Also Read: Honda, LG Energy Solution Establish Battery JV With Total Investment Of $4.4B
  • Price Action: HMC shares closed higher by 0.88% at $24.16 on Monday.
  • Photo Via Company
 
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