Core Insights - Toyota is seeking deeper collaboration with Nissan following the breakdown of merger talks between Nissan and Honda, proposing a support plan [1] - The financial results for the fiscal year 2024 show Toyota's stability, while Honda and Nissan are in urgent need of transformation [1][2] Group 1: Financial Performance - Toyota and Lexus combined global production for fiscal year 2024 was 9.67 million units, a decrease of 2.9%, with global sales at 10.27 million units, a slight decline of 0.3% [1] - Toyota's revenue for fiscal year 2024 reached 4.804 trillion yen, a year-on-year increase of 6.5%, while net profit was 477 billion yen, down 3.6% [1] - Honda's revenue for fiscal year 2024 was 2.169 trillion yen, up 6.2%, but net profit fell by 24.5% to 835.84 billion yen [1][2] - Nissan reported an operating profit of 69.8 billion yen, down 87.6%, and a net loss of 671 billion yen, a decline of 257.3% [2] Group 2: Strategic Initiatives - Toyota is heavily investing in the Chinese market, showcasing multiple electric vehicle models at the 2025 Shanghai Auto Show and establishing a wholly-owned Lexus entity in Shanghai for integrated electric vehicle operations [2] - Honda is accelerating partnerships with local Chinese companies to enhance its electric and intelligent vehicle development, announcing collaborations with Momenta, DeepSeek, and CATL [3] - Nissan views China as crucial for reversing its global downturn, planning to launch 10 new electric vehicle models by summer 2027 as part of its strategy to strengthen R&D and product offerings [3]

Group 1 - Honda plans to reduce its investment in electric vehicles (EV) and software development from 10 trillion yen to 7 trillion yen by 2030, a decrease of 30% [2] - The company has adjusted its target for EV sales from over 2 million units to a range of 700,000 to 750,000 units, lowering the expected share of EVs in total vehicle sales from 40% to below 30% [2] - The construction of an EV and battery factory in Canada has been postponed by two years, with the investment of 150 billion Canadian dollars now expected to begin operations after 2030 [2] Group 2 - Global sales of hybrid vehicles (HV) are projected to more than double to 2.2 million units by 2030, with 13 new HV models set to launch globally over the next four years starting in 2027 [3] - The motorcycle business aims to increase its global market share from 40% to over 50% in the medium to long term, leveraging strong profitability from this segment to enhance overall profitability before the widespread adoption of EVs [3] - Honda's president stated that the transition to EVs has been slowed down, emphasizing the need to balance future readiness with current profitability in the automotive business [3]

本田社长三部敏宏表示，本田还将修正截至2030年的纯电动汽车在汽车销量中所占的比例，预计从 此前的40%调整到30%以下。 5月20日，本田宣布，将调整纯电动汽车（EV）战略，原计划到2030年度投资10万亿日元用于纯电 动汽车和软件开发，将减少3成至7万亿日元。 ...

Core Viewpoint - Honda is adjusting its global electrification strategy by reducing investment in pure electric vehicles and focusing more on hybrid vehicle production due to a slowdown in the U.S. electric vehicle market and changing consumer demand [1][3]. Investment Strategy - Honda announced a reduction in its planned electrification investment from 10 trillion yen to 7 trillion yen, a decrease of 30%, due to slowing global demand for electric vehicles [1]. - The revised strategy will emphasize research and production of hybrid models, aiming for more efficient energy use through technology upgrades of existing fuel vehicle platforms [1]. Production Facilities - Honda plans to transform its manufacturing facilities in Ohio, USA, to create a comprehensive base for both electric and hybrid vehicle production, with production expected to start in 2026 based on the "e:Architecture" platform [3]. - The initiative aims to balance market demand with supply chain flexibility, ensuring the synergy between traditional business and electrification transition [3]. Strategic Partnerships - Despite the termination of merger talks with Nissan and Mitsubishi, a strategic cooperation agreement signed in August 2024 remains effective, allowing Honda to collaborate with these companies on battery technology, autonomous driving, and software development [3]. - Honda intends to integrate Huawei's smart driving solutions in some models and collaborate with Renesas Electronics to develop high-performance chips to enhance product competitiveness [3]. Market Context - In Q1 2025, U.S. electric vehicle sales grew only 2.7%, significantly lower than the 47% growth in the same period last year, with electric vehicles accounting for 7.1% of total sales [3]. - Consumer concerns regarding range, charging infrastructure, and high insurance costs are key factors limiting the adoption of electric vehicles, prompting several automakers, including Volvo and Toyota, to delay their electrification goals [3]. Long-term Vision - Despite the short-term strategic adjustments, Honda remains committed to its long-term vision of achieving 100% global sales of pure electric or fuel cell vehicles by 2040 [4]. - The CEO emphasized that the current stagnation in electric vehicle sales is viewed as a "short-term headwind" [4].

本田5月20日发布声明称，考虑到近期电动 汽车市场放缓，本田调整产品投放计划，预计到2030年电动 汽车销量占比将低于此前宣布的30%目标。另一方面，目前市场对混合动力汽车的需求很高。因此，本 田将进一步增强混动车产品线。本田去年宣布将投资10万亿日元推进电动化战略，但因推迟在加拿大建 立 综合电动汽车价值链项目，并调整专用电动汽车工厂建设时间，本田决定将到2031财年的计划投资 额减少3万亿日元至7万亿日元。 ...

Core Viewpoint - The CEO of Honda anticipates a slight increase in investment in hybrid vehicles, while expecting a slight decrease in investment in electric vehicles [1] Investment Strategy - Honda plans to allocate more resources towards hybrid vehicle technology, indicating a strategic shift in focus within its investment portfolio [1] - The company is adjusting its investment strategy in response to market trends and consumer preferences [1] Market Implications - The shift in investment priorities may reflect broader industry trends regarding the balance between hybrid and electric vehicle development [1] - This decision could impact Honda's competitive positioning in the automotive market, particularly in the context of evolving regulatory environments and consumer demand for sustainable transportation options [1]

本田首席执行官：将在2027年后推出13款车型，以构建丰富的混合动力车型阵容，满足此类汽车不断增 长的需求。 ...

智通财经5月20日电，本田CEO称，2027年后将推出13款车型，以构建广泛的混合动力车型阵容，满足 此类汽车日益增长的需求。 ...

| 宝马汽车 | 540.22 | 1 +4.45 | 87.21 | | --- | --- | --- | --- | | 通用汽车 | 481.01 | + -3.29 | 50.03 | | > 玛鲁蒂铃木 | 478.23 | + -0.24 | 152.11 | | 保时捷 | 467.84 | + -5.73 | 51.35 | | 马恒达汽车 | 439.44 | + -1.06 | 36.63 | | 福特汽车 | 427.48 | + -1.98 | 10.75 | | 本田汽车 1-0 | 412.46 | 1 +1.27 | 29.27 | | 1 现代汽车 | 337.27 | -0.64 | 52 | | 塔塔汽车 D | 314.49 | + -0.5 | 8.54 | | 斯特兰蒂斯 | 307.35 | + -2.29 | 10.67 | | 赛力斯 | 293.72 | ↑ +1.05 | 17.98 | | 理想汽车 | 289.01 | + -4.91 | 28.34 | | SAI 上汽集团 | 267.84 | 1 +0.48 | 2.31 | | KM 起亚汽车 ...

在全球动力电池份额占比日渐式微的当下，日本曾寄希望于在下一代的固态电池上打一场"翻身仗"，在 固态电池上投入巨大，但如今中国正在加速迎头追赶。 第一财经记者从智慧芽数据获悉，截至2025年5月16日，全球固态电池领域的专利申请已超过4.6万件， 其中从技术来源（专利申请企业所属国别）看，全球固态电池领域的专利申请中，近37%来自日本，近 30%来自中国，两者差距进一步缩小；而从布局市场（专利申请所在国别）来看，中国已经赶超日本， 是全球固态电池专利布局最多的市场，约占35%。 中日固态电池之争 作为最早布局电池的国家之一，日本早在20世纪90年代便有了松下、三洋和索尼组成的初代"三巨头"。 到了21世纪初，日本企业生产的锂电池占到世界近9成的份额，几乎形成垄断。 | | | 全球固态电池专利申请占比(专利申请企业所属国别) | | | | | --- | --- | --- | --- | --- | --- | | | 日本 | 中国 | 美国 | 韩国 | 德国 | | 2022年9月 | 45% | | 21.80% - 13.70% | 5.50% | 7.10% | | 2024年5月 | 40% ...