智通财经APP获悉，随着美国电动汽车需求降温的影响持续波及行业供应链，LG新能源将向本田汽车 (HMC.US)以约4.2万亿韩元(29亿美元)出售其位于俄亥俄州合资电池厂的设施及其他资产。 另据报道，美国移民部门此前对LG新能源与韩国现代汽车在佐治亚州的合资企业展开了一次史无前例 的突击检查，当场拘留超过300名韩国籍员工。 总部位于首尔的LG新能源在周三提交的监管文件中表示，此项交易的收购方为本田旗下美国子公司， 预计将于明年2月底正式完成交割。LG新能源称，此举旨在提升运营效率。 面对接连受挫的局面，LG新能源正加速推进储能业务布局，同时其位于亚利桑那州和密歇根州的两条 新生产线也在建设之中，以此对冲业务下滑带来的冲击。 当前，中国以外的电动汽车转型进程遭遇阻碍，韩国电池制造商的发展前景随之恶化。此前，福特汽车 (F.US)已缩减其电动汽车业务规划，不仅终止了与LG新能源价值9.6万亿韩元的电池合作协议，还终止 了与韩国SK Innovation在美国的合资项目。 回溯至2022年，本田与LG新能源曾宣布一项总额44亿美元的投资计划，拟在俄亥俄州建设电动汽车电 池工厂，原定于2025年底启动量产。 ...

（文章来源：第一财经） 据外媒报道，LG能源子公司将把美国电池厂资产出售给本田汽车。 ...

Core Viewpoint - LG Energy Solution is selling its Ohio factory building and assets to Honda Development and Manufacturing of America for a total value of $2.86 billion [1] Company Summary - The transaction involves the sale of a factory building and associated assets located in Ohio [1] - The deal is part of LG Energy Solution's strategic moves within the industry [1] Industry Summary - The sale reflects ongoing trends in the electric vehicle supply chain, as companies like Honda are investing in manufacturing capabilities [1] - This transaction may indicate a shift in partnerships and collaborations within the electric vehicle sector [1]

Core Viewpoint - The N-BOX has maintained its position as the best-selling new car in Japan for three consecutive years, with projected sales of approximately 200,000 units in 2024. The introduction of electric versions by both Honda and BYD is expected to enhance the competitiveness of lightweight EVs in the Japanese market [1][3]. Group 1: N-BOX Sales and Market Position - The N-BOX is projected to achieve sales of around 200,000 units in Japan in 2024, surpassing the Toyota Corolla, and has been the top-selling model for three consecutive years [1][3]. - The N-BOX has accumulated total sales of approximately 3 million units since its first generation was launched in 2011, supported by its spacious interior and affordable price starting from 1.7 million yen [3]. Group 2: Electric Vehicle (EV) Market Dynamics - Honda plans to launch a pure electric version of the N-BOX by the fiscal year 2027, while BYD aims to introduce its lightweight EV in Japan by the summer of 2026, ahead of Honda [1][6]. - The current market share of EVs in Japan is around 2%, which is the lowest among developed countries, indicating significant room for growth [4]. - The lightweight EVs, such as Nissan's "Sakura" and Mitsubishi's "eK Cross EV," are expected to account for over 40% of EV sales in 2024, highlighting the compatibility of lightweight vehicles with urban mobility needs [4]. Group 3: Incentives and Regulations - In Japan, purchasing lightweight EVs comes with subsidies and tax reductions in the second year of ownership, which could accelerate their adoption if prices can be brought down to levels comparable to gasoline vehicles [4].

Core Viewpoint - Honda is facing significant challenges due to semiconductor shortages, leading to production cuts in Japan and China, and a downward revision of its sales forecasts for the fiscal year 2026 [1][8]. Group 1: Production and Supply Chain Issues - Honda plans to suspend or reduce vehicle production in Japan and China from late December 2025 to early January 2026 due to semiconductor shortages [1]. - The semiconductor shortage has been a recurring issue, affecting critical areas such as power control, driving assistance, and vehicle safety [1]. - Honda's management previously warned that supply chain fluctuations could negatively impact operating profit by 150 billion yen (approximately 6.75 billion RMB) [1]. Group 2: Financial Performance - For the first half of fiscal year 2026, Honda reported sales revenue of 10.63 trillion yen (approximately 476.3 billion RMB), a year-on-year decline of 1.5% [2]. - Operating profit fell to 438.14 billion yen (approximately 19.6 billion RMB), down 41.0% year-on-year, while net profit decreased by 33.8% to approximately 348.66 billion yen (about 15.6 billion RMB) [2]. - The global automotive sales volume dropped by 99,000 units to 1.68 million, with a significant decline of 65,000 units attributed to the Chinese market [2]. Group 3: Sales Forecast and Market Challenges - Honda has revised its sales forecast for fiscal year 2026 from 3.62 million units to 3.34 million units, reflecting a decrease of 170,000 units due to declining sales in China and ASEAN, as well as semiconductor supply issues in North America [8]. - The company has adjusted its revenue forecast for fiscal year 2026 to 20.7 trillion yen, a reduction of 988.7 billion yen, and operating profit is now expected to be 550 billion yen, down 663.4 billion yen [7]. - Honda's electric vehicle (EV) sales have not met expectations, and the company has lowered its target for global EV sales from 30% to 20% by 2030 due to challenges in North America and Europe [11]. Group 4: Product Performance and Market Position - Honda's electrified vehicle sales showed significant growth outside of China, but the Chinese market has seen a decline in hybrid and plug-in hybrid vehicle sales, with a notable increase in pure electric vehicle sales [3][5]. - The company is struggling with the competitiveness of its fuel vehicles in the face of rapid growth in the new energy vehicle sector, leading to a significant drop in sales for models like the Fit [8][9]. - New electric models introduced in China have not performed well in the market, with cumulative sales failing to exceed 3,000 units in the past six months [9][10].

Market Trends - Car buyers rushed to dealerships in the first half of the year to secure purchases before anticipated price increases due to higher tariffs [1] - Automakers provided substantial incentives to maintain sales momentum, despite rising prices [3] - Consumer interest in the auto industry declined in the second half of the year as incentive spending decreased and car prices rose [3] Sales Data - New car sales showed weakness in Q3 and continued to decline in Q4, with December's annual sales rate expected to be around 15.9 million, down from 16.8 million in December of the previous year but up from 15.6 million in November [4] - In November, the average price paid for new vehicles reached $49,814, a 1.3% increase year-over-year and only $54 higher than October's average [5] Incentives and Pricing - Dealer incentives decreased, with the average discount on cars falling to 6.7% in November from 7.9% the previous year [9] - Throughout 2025, average incentives are projected to be 7% of the final sales price [9] Consumer Behavior - Many new-car buyers are in their peak earning years and are less sensitive to price, opting for higher-end vehicles that offer desired features [10]

本田汽车宣布，受芯片短缺影响，未来几周日本和中国的工厂将暂停生产。本田发言人表示，日本工厂 将在1月5日和6日停产两天。此外，与中国 广汽集团的三座合资工厂，从12月29日到1月2日也将停产五 天。本田并未提及这次短缺的 半导体是否属于安世的产品。此前本田已将年度销售预测从362万辆下修 至334万辆。 ...

Core Viewpoint - GAC Honda is facing significant challenges due to semiconductor shortages, leading to production halts and a downward revision of sales targets for fiscal year 2026, indicating a broader issue of demand collapse and lagging electrification efforts [1][2][7]. Production and Sales Impact - GAC Honda confirmed a two-day production halt at the end of December due to semiconductor supply issues, although customer deliveries will not be affected [2]. - The company has lowered its global vehicle sales target for fiscal year 2026 from 3.62 million to 3.34 million units, a year-on-year decline of 10.1% [2]. - Cumulative production from January to November 2025 was 317,600 units, a year-on-year decrease of 14.83%, with November production alone dropping by 16.03% [2]. New Energy Initiatives - A new 3.5 billion yuan factory with an annual capacity of 120,000 units is set to begin production in November 2024, focusing on electric vehicles [3]. - The first model from this factory, the electric SUV YP7, has seen disappointing sales, with only 437 units sold in April and a 67% drop to 142 units in May, projecting an annual sales figure of less than 5,000 units [3]. Market Performance and Product Strategy - GAC Honda's cumulative sales for the first eleven months of 2025 reached 300,900 units, down 22.97% year-on-year [4]. - The popular model Fit (or "Fitt") recorded zero sales in November, with a significant price reduction expected for its upcoming model [4]. - The company continues to primarily sell gasoline vehicles, with only one new energy model, the P7, launched this year, which has struggled to gain traction in the market [5]. Strategic Challenges - The company is experiencing a mismatch in demand, with a significant shift in the market towards electric and hybrid vehicles, while GAC Honda has maintained a focus on gasoline models [7]. - Analysts suggest that GAC Honda must leverage local supply chains to reduce costs and adapt to the changing market dynamics, emphasizing the need for a dual focus on hybrid and electric vehicles [7].

New Car Launches - Hongqi HS6 PHEV launched with a price range of 178,800 to 228,800 yuan, featuring a family design style and dimensions of 4925/1970/1740mm [3][4][6] - Ora 5 launched with a price range of 99,800 to 133,800 yuan, offering five models and a limited-time trade-in subsidy of 8,000 yuan [15][16][18] - Ford Mustang Mach-E launched with a price range of 229,800 to 282,800 yuan, available in both pure electric and range-extended versions [24][25][27] Company Developments - BYD's 15 millionth new energy vehicle rolled off the production line, achieving this milestone in 17 years, with the last 5 million produced in just 13 months [65][66][70] - Honda plans to suspend or reduce production at its factories in Japan and China due to semiconductor shortages [71][72][75] - Lantu Motors and CATL signed a ten-year deepening cooperation agreement to advance battery technology [76][77] - GAC Group announced the establishment of a new business unit combining its high-end brand Haobo and mass-market brand Aion for better resource synergy [80][81] - Li Auto is establishing an AI R&D center in Silicon Valley, focusing on smart driving technology [82][85] Industry News - The Ministry of Industry and Information Technology (MIIT) has issued new regulations limiting hidden door handles in vehicles, effective from January 1, 2027 [98][99][102] - The European Union has decided to relax its 2035 ban on internal combustion engines, allowing plug-in hybrid vehicles to continue being sold [103][105][107] - Japan plans to impose a weight-based tax on electric vehicles starting May 2028, with tax rates increasing based on vehicle weight [108][110][112]

Core Viewpoint - GAC Honda is facing significant challenges due to semiconductor shortages, leading to production halts and a downward revision of sales targets for the fiscal year 2026, indicating deeper issues related to demand decline and lagging electrification efforts [1][2][7]. Production and Sales Impact - GAC Honda confirmed a two-day production halt at the end of December due to semiconductor supply issues, but customer deliveries will not be affected [2]. - The company has lowered its global vehicle sales target for fiscal year 2026 from 3.62 million to 3.34 million units, a year-on-year decline of 10.1% [2]. - Cumulative production from January to November 2025 reached 317,600 units, a year-on-year decrease of 14.83%, with November production alone dropping by 16.03% [2]. - GAC Honda's total production capacity in China has been reduced from 1.49 million to 1.2 million units to adapt to market changes [2]. New Energy Initiatives - A new 3.5 billion yuan factory with an annual capacity of 120,000 units is set to begin operations in November 2024, focusing on electric vehicle production [3]. - The first model from this factory, the electric SUV P7, has seen disappointing sales, with only 437 units sold in April and a 67% month-on-month decline in May [3]. Market Performance - GAC Honda's cumulative sales for the first eleven months of 2025 were 300,900 units, down 22.97% year-on-year [4]. - The popular model Fit (飞度) recorded zero sales in November, with only three units sold in October, indicating a significant decline in demand [4]. - The Fit model has been discontinued and is expected to be relaunched in March at a lower price point [4]. Product Strategy and Challenges - GAC Honda's current lineup is primarily focused on gasoline vehicles, with only one new energy model, the P7, launched this year [5]. - The P7's sales have been boosted by significant price reductions, with a current discount of 50,000 yuan, but future production of this model is uncertain due to poor sales performance [5]. - The P7's advanced driving assistance system requires an additional cost of 14,000 yuan for upgrades, which may deter potential buyers [6]. Strategic Recommendations - Industry experts suggest that GAC Honda's issues stem from a mismatch in demand and a lag in electrification, with recommendations to focus on reducing ineffective gasoline vehicle production and increasing capacity for hybrid and electric models [7]. - The company is advised to leverage local supply chains to reduce costs and enhance competitiveness in the Chinese market, ultimately aiming to establish a dual focus on hybrid and electric vehicles [7].