Industry Round-Up: Honda, GM, Mitsubishi, and Joule Case

Honda goes hybrid, Mitsubishi goes out of China, and food trucks go electric. 🚦
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Industry Round-Up: Honda, GM, Mitsubishi, and Joule Case

Half-Electric, All Civic

Dall-E 3/ASOTU

β›½οΈπŸ”‹ Honda's reintroducing the Civic Hybrid to Canada and the U.S. in 2024, with production in Ontario and Indiana.

πŸ“ˆπŸŒŽ Foreseeing hybrids making up 40% of Civic sales in North America, the 2025 model features a two-motor system and compatibility with the North American Charging Standard.

πŸβŒ›οΈ Honda's broader vision targets carbon neutrality by 2050.

GM Offers Cash For Diagnostics

Dall-E 3/ASOTU

πŸ’΅πŸ‘©β€πŸ’» GM offers $1,400 Visa eRewards to '20-'22 Chevy Bolt owners as compensation for installing diagnostic software amid battery recall concerns.

πŸ§°πŸ‘¨β€πŸ”§ This follows battery defects in earlier Bolt models. The offer requires installation and a legal release by Dec 31, 2023.

βš–οΈπŸ’° GM commits to covering differences if the class action settlement exceeds $1,400.

Mitsubishi Exits China, Doubles Down In EU

Dall-E 3/ASOTU

βœŒοΈπŸ‡¨πŸ‡³ Mitsubishi Motors will cease car production in its Chinese joint venture, handing its stake to Guangzhou Automobile Group (GAC).

πŸ‘‹πŸ‡«πŸ‡· Concurrently, Mitsubishi plans to invest up to 200 million euros in Renault's new electric vehicle division, Ampere, aligning with Nissan's prior 600 million euro commitment to the unit.

Cooking With Lightning

Dall-E 3/ASOTU

πŸ”πŸšš Seattle's Joule Case offers food trucks modular battery systems as a cleaner alternative to gas generators.

⚑️πŸ₯˜ Adopted by over 100 trucks, the batteries power multiple appliances.

πŸ€‘βœ‚οΈ While pricier upfront, they promise savings and qualify for a 30% federal tax credit, catering to events' growing preference for zero-emissions vendors.

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