Core Viewpoint - The automotive industry is undergoing significant changes, with manufacturers reassessing their electric vehicle (EV) strategies due to slowing adoption rates and the impending expiration of federal tax incentives in the U.S. [2][5] Group 1: Honda's Strategy Shift - Honda has halted the development of a large electric SUV and significantly reduced its EV investment plans through 2030, influenced by weakening market demand and political factors in the U.S. [3][4][8] - The company initially aimed to launch a series of new electric vehicles starting in 2026, targeting markets outside of China, with a goal of having 30% of its total sales from EVs by 2030 [12][13]. - Honda's CEO indicated that the company now expects EVs to account for about 20% of sales by 2030, leading to a 30% cut in its EV investment and software development budget, from 10 trillion yen (approximately $69 billion) to 7 trillion yen (approximately $48 billion) [15][16]. Group 2: Focus on Hybrid Vehicles - Honda plans to shift its focus from electric vehicles to increasing the production of profitable hybrid vehicles, aiming to launch 13 new hybrid models globally in the next four years, with a target of 2.2 million units sold by 2030 [18][19]. - This strategy is seen as a short-term solution to ensure revenue while preparing for future EV adoption [19]. Group 3: Industry-Wide Adjustments - Other automakers, including Lotus, Porsche, and Volvo, have also adjusted their EV strategies, shifting focus towards hybrid models or delaying their electric vehicle plans due to misalignment with consumer demand [22][24]. - Ford and Jaguar Land Rover have been gradually slowing down their EV initiatives, while Nissan has canceled plans for electric vehicle production in the U.S. and Japan [23][24]. - The automotive industry is facing a transformative period, with manufacturers responding to a rapidly changing landscape by cutting back on EV investments [24].

Industry Developments - The National Development and Reform Commission and three other departments announced a plan to promote the construction of high-power charging facilities, aiming for over 100,000 units by the end of 2027, with a focus on open access for self-built networks by electric vehicle companies [2] - China has officially released the international standard ISO 34505:2025 for autonomous vehicle testing scenarios, which includes evaluation processes and testing methods for autonomous driving systems [4] - A new mandatory national standard for passenger car braking systems will take effect on January 1, 2026, introducing requirements for electric transmission braking systems and single-pedal braking [5] Company News - Honda has suspended the development of a large electric SUV due to anticipated declines in electric vehicle demand in the U.S. market [6] - Audi has decided to pause its price increase plans in the U.S. market after experiencing a 19% year-on-year decline in sales for the second quarter, marking the sixth consecutive quarter of sales decline [7] - LG Energy Solution expects a 152% year-on-year increase in operating profit for the second quarter, despite a 9.7% decrease in revenue [8][9] - Nissan is considering issuing bonds worth approximately $4 billion, with plans for five, seven, and ten-year dollar bonds [10] - Chery Automobile has restructured its organization, establishing a domestic business group led by Li Xueyong [11] - NIO and JAC's joint venture company has been dissolved, with a registration capital of 510 million RMB [12] - Zhongtong Bus reported a 2.66% year-on-year decrease in sales for June, with 1,026 units sold [13] - Byton's associated company has been listed for operational abnormalities due to failure to disclose annual reports on time [14] - Huatai Automobile Group has been executed for over 500 million RMB, with multiple legal issues reported [15] - Sichuan Yema Automobile has undergone significant executive changes, with a new legal representative appointed [16]

Group 1 - Honda has halted the development of a large SUV as part of its EV strategy due to a slowdown in EV demand in the U.S. market and potential delays in EV adoption caused by U.S. policies [2][3] - The company plans to reduce its EV-related investment from 10 trillion yen to 7 trillion yen by the fiscal year 2030, with the suspension of the large SUV development being a part of this adjustment [3] - Honda aims to increase production of hybrid vehicles (HV) and plans to launch 13 new models globally over the next four years, targeting a sales volume of 2.2 million units by 2030, which is 2.2 times the planned sales for 2025 [3] Group 2 - The global automotive industry is witnessing a trend of companies adjusting their EV plans, with Ford also withdrawing from large EV development and Nissan halting the development of two EV models intended for the U.S. market [3] - Toyota has postponed its plan to launch a pure electric SUV from 2026 to 2028, reflecting a broader industry shift in response to market conditions [3]

Core Viewpoint - Honda has halted the development of a large electric SUV as part of its EV strategy due to a slowdown in demand in the U.S. market and concerns over U.S. policies that may further delay EV adoption [1][2]. Group 1: Honda's Strategy Shift - Honda plans to reduce its EV-related investment from 10 trillion yen to 7 trillion yen by 2030, with the suspension of the large SUV development being a significant part of this adjustment [3]. - The company will increase production of hybrid vehicles (HV) that are expected to be more profitable, aiming to launch 13 new models globally over the next four years starting in 2027, targeting a sales volume of 2.2 million units by 2030, which is 2.2 times the planned sales for 2025 [3]. Group 2: Industry Trends - The trend of automakers adjusting their EV plans is widespread, with Ford also withdrawing from large EV development and Nissan halting the development of two EV models originally planned for production in the U.S. [3]. - Toyota has postponed its plan to launch a pure electric SUV from 2026 to 2028, reflecting similar strategic shifts in the industry [4].