LAS VEGAS, Jan 7 (Reuters) - Honda Motor ( HMC ) will
be cautious about starting production of new electric vehicles
due to uncertainty about President-elect Donald Trump's
industrial policy, a senior executive of the Japanese automaker
said on Tuesday.
The remarks from the second-biggest Japanese carmaker
highlight how global businesses are staying vigilant against the
unpredictable U.S. policies as Trump takes office on Jan. 20.
"Because of Trump's initiatives, we might be very careful
how we would start production" of upcoming electric models,
Honda ( HMC ) Executive Vice President Noriya Kaihara said at the CES
technology conference in Las Vegas.
Honda ( HMC ) will also be cautious about its battery plant plans in
Canada, mindful of government regulations and EV market trends,
Kaihara said.
"Maybe we might have to delay our start of the production of
the EV models somehow," he said.
Earlier at CES, the automaker unveiled prototypes of
upcoming Honda ( HMC ) 0 electric cars, including an SUV model that will
be introduced in the North American market in the first half of
2026.
Honda ( HMC ) 0 models will be equipped with "eyes-off" level
autonomous driving technology and will later be available in
global markets including Japan and Europe, the company said.
Honda ( HMC ) aims to sell only EVs and fuel cell vehicles by 2040,
although it is also upgrading hybrids as a near-term linchpin
for the U.S. market amid a stagnating EV growth.
The comeback of Trump complicates the EV transition plans
and Americas business of Honda ( HMC ), along with other global
carmakers like General Motors ( GM ) and Stellantis ( STLA ).
In November, Honda ( HMC ) Chief Operating Officer Shinji Aoyama
said the automaker may have to think about shifting production
if the U.S. were to impose permanent tariffs on vehicles
imported from Mexico as touted by Trump.
On merger talks with Japan's third-largest carmaker Nissan ( NSANF )
, Kaihara said Nissan ( NSANF ) has "a little bit overcapacity in
North America" and may cut some workforce there, while declining
to comment on discussion details.