Honda Motor Co. (HMC) has announced plans to build two new electric vehicles (EVs) at a multibillion-dollar manufacturing complex in the U.S.
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Honda made the announcement at the annual Consumer Electronics Show (CES). The company said that the new vehicles will be part of its “0 Series” EVs and will be built at a plant in the State of Ohio. One of the EVs will be a sedan and the other a sport utility vehicle (SUV), said the automaker.
Honda said production models of both new EVs will launch in North America in 2026, starting with the SUV and then the sedan. The automaker declined to release specific details about the new EVs, such as pricing, battery range, and other specifications.
New Look
Honda’s O Series electric vehicles are different than its other models and feature sleek, futuristic designs. Honda has said that the 0 Series vehicles have been created with three principles in mind: “Thin, light and wise.”
At the Consumer Electronics Show, Honda also announced a new operating system for its 0 Series vehicles, called “Asimo OS” that the company said will offer highly automated driving technologies such as hands-free driving. The company is planning to install Asimo OS in all Honda 0 Series models.
Honda is in the process of merging with fellow Japanese automaker Nissan Motor (NSANY). HMC stock has declined 5% over the past 12 months.
Is HMC Stock a Buy?
Currently only one Wall Street analyst has a rating on Honda’s stock, and that rating does not include a price target. So, instead we look at the three-month performance of HMC stock. As one can see in the chart below, Honda’s share price has declined 5% in the past 12 weeks.
