China leads increased EV purchases as EU tariffs start to hit [Yahoo! Finance Canada]
Honda Motor Company, Ltd. (HMC)
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Source: Yahoo! Finance Canada
Overall sales, including battery electric and plug-in hybrid vehicles, rose by 49% in February year-on-year to 1.2 million, but the researchers said the figure was distorted by the timing of Chinese New Year. Compared with January, figures were down 3%. The EU imposed tariffs on China-made cars at the end of October after an anti-subsidy investigation. Rho Motion Data Manager Charles Lester said sales of MG, which is owned by China's SAIC and was hit by some of the biggest tariffs, had fallen sharply. SAIC's sales growth of cars made in China was on average 19% lower in the months between November 2024 and January 2025 in Europe and European Economic Area, compared to the January to October 2024 period, Lester said. Sales of Honda, which produces some battery-electric (BEV) models of the Dongfeng Honda brand in China, Mercedes, Geely, Tesla, Renault's Dacia Spring and smaller Chinese brands Nio and Xpeng, were also impacted by the tariffs, Lester said. BYD, however, is ga
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HMC
Sec Filings
- 12/16/25 - Form 6-K
- 11/17/25 - Form 6-K
- 11/7/25 - Form 6-K
- HMC's page on the SEC website