Core Viewpoint - Honda is in a "transition period" as it accelerates its shift towards new energy vehicles in 2024, facing challenges due to high reliance on fuel vehicle sales while beginning to establish its electric vehicle presence [1][4][6] Group 1: Market Performance - Honda's fuel vehicle sales still dominate its market presence in China, leading to significant pressure as the market for fuel vehicles contracts [4][6] - In 2024, Honda's total vehicle sales in China reached 852,000 units, a year-on-year decline of 30.9% [6] Group 2: Strategic Partnerships - At the 2025 Shanghai Auto Show, Honda announced strategic collaborations with local companies Momenta, DeepSeek, and CATL, focusing on intelligent driving, AI interaction, and battery technology [5][8] - The partnership with Momenta aims to develop advanced driver-assistance systems, with plans for large-scale deployment of features like highway navigation and automated parking by 2026 [7][8] Group 3: Product Development - Honda's electric vehicle brand "E" launched its first models, S7 and P7, marking a significant step in its electrification strategy [4][6] - The company is also working on its first lithium iron phosphate battery and integrated CTB battery technology in collaboration with CATL, which will be featured in future models [8] Group 4: Future Outlook - Honda emphasizes the importance of local partnerships and rapid response to market changes, stating that aligning with the Chinese market is crucial for creating new value [9]