Honda Motor Co has announced a strategic collaboration agreement with Taiwan Semiconductor Manufacturing Co (TSMC) to secure a stable supply of semiconductors. Honda plans to build direct relationships with chip producers to ensure long-term stable supplies of chips.
Honda Aims for 100% EV and Fuel Cell Vehicle Sales by 2040
Honda also plans to release a mid- to large-size electric vehicle (EV) model in the United States in 2025 built with the company’s new “electric and electronic” architecture platform and is aiming to make EVs and fuel cells represent 100% of its vehicle sales by 2040. The company is considering boosting revenue from EVs by charging for software and digital services.
Chips are essential components in the production of various electronic devices, including automobiles. Semiconductors are used in a wide range of automotive applications, such as power steering, engine control, advanced driver assistance systems (ADAS), and infotainment systems. The shortage of semiconductors has been a significant challenge for many automakers, including Honda, as it has disrupted their production schedules and resulted in lost sales.
Photo by Javon Swaby . Source: https://www.thestar.com.my