Honda's '0 Series' EVs: A New Dawn in Ohio
Tuesday, Jan 7, 2025 2:08 pm ET
2min read Honda has unveiled two new electric vehicles (EVs) in its '0 Series' lineup, set to be produced in Ohio, marking a significant step in the automaker's electrification strategy. The '0 Series' EVs, Saloon and Space-Hub, are poised to hit the global market in 2026, starting with North America. Let's delve into the advantages these EVs offer, the impact on Honda's supply chain, and the timeline for their launch.
Advantages of Honda's '0 Series' EVs
1. Artistic Design: The 'Thin, Light, and Wise' approach allows for a low vehicle height and sporty styling, setting them apart from other EVs.
2. AD/ADAS Safety: The 'Honda SENSING Elite' system provides L3-level self-driving capabilities, reducing the risk of accidents and enhancing safety.
3. Space and Connectivity: The '0 Series' offers a flexible, connected space for users, with advanced IoT and connected technologies.
4. Driving Experience: The '0 Series' aims to provide a joyful, oneness-with-the-vehicle driving experience, appealing to enthusiasts.
5. Electricity Efficiency: Honda's new e:Architecture platform and advanced battery technology promise outstanding electricity efficiency performance.
Impact on Honda's Supply Chain
The production of EVs in Ohio impacts Honda's supply chain by creating a vertically-integrated EV value chain with a central focus on batteries. By 2030, Honda aims to reduce the cost of procured batteries in North America by more than 20% compared to current costs. This is achieved through the establishment of a new joint venture EV battery plant with LG Energy Solution near Jeffersonville, Ohio, expected to be completed by the end of 2024. Additionally, the Marysville Auto Plant (MAP) and East Liberty Auto Plant (ELP) will produce the Intelligent Power Unit (IPU), which includes the battery and forms part of a vehicle's platform. This consolidation of production and battery supply will reduce overall production costs by approximately 35%. However, the retooling and training of associates for EV production may present initial challenges and costs.
Timeline for Launch
Honda plans to launch the first model of the Honda 0 Series globally in 2026, starting from North America, then to Japan, Asia, Europe, Africa and the Middle East and South America. This timeline aligns with the growing demand for electric vehicles in the US market, as the number of EV models available is expected to increase significantly in the coming years. By 2030, Honda aims to have a total of seven models in the 0 Series, further expanding its EV lineup and contributing to the growing demand for electric vehicles.
In conclusion, Honda's '0 Series' EVs offer a compelling package of advantages, from artistic design to safety and driving experience. The production of these EVs in Ohio will have a significant impact on Honda's supply chain, reducing costs and enhancing efficiency. With a well-planned timeline for launch, Honda is poised to capitalize on the growing demand for electric vehicles in the US market and beyond.
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