Honda CEO says willing to form alliance to make electrification profitable

Tokyo: Honda Motor Co’s chief executive said on Friday the Japanese automaker was willing to form new alliances to make electrification profitable.

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“If through an alliance Honda can accomplish early what it should aim to be, then we’d be willing to form an alliance,” Toshihiro Mibe said at a press roundtable, when asked how he envisions global alliances on electrification.

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Honda has said the company aims to increase its ratio of electric vehicles (EVs) and fuel cell vehicles (FCVs) to 100% of all sales by 2040.(Reuters)

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