Honda Motor's Electric Vehicle Strategy Adjustment Leads To Losses Exceeding 100 Billion Yuan

According to a March 12 post on “Kegong Weibo,” the official account of the State Administration for Science, Technology and Industry for National Defense, China announced its accession to the Triple Nuclear Energy Declaration at the second Nuclear Energy Summit held in Paris, France, on March 10, 2026. Jointly launched by 22 countries including France, the core goal of the Triple Nuclear Energy Declaration is to triple global installed nuclear power capacity by 2050 from its 2020 level, in order to help achieve global net-zero emissions around the middle of this century and the global temperature control target set out in the Paris Agreement.

Vice Minister of Commerce Sheng Qiuping said at the launch ceremony of the 2026 National Home Appliances, Digital and Smart Products Consumption Season held today that since 2024, the implementation of the home appliance trade-in policy and subsidy policies for the purchase of new digital and smart products had achieved remarkable results. Driven by these policies, by the end of 2025, sales volume of the above categories exceeded 280 million units, with sales revenue exceeding 970 billion yuan, driving the market size of both home appliances and mobile phones in 2025 past 1 trillion yuan and setting a new historical high.

CAAM: China’s NEV sales fell 6.9% YoY from January to February.