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On the 1st, Chinese media Tencent News reported that Honda has fallen into its first full-year deficit since its listing due to miscalculations in its electrification strategy and a drastic decline in its market share in China, symbolizing a structural crisis encompassing the entire Japanese automotive industry.
On the 1st, Chinese media Tencent News reported that Honda has fallen into its first full-year deficit since its listing due to miscalculations in its electrification strategy and a drastic decline in its market share in China, symbolizing a structural crisis encompassing the entire Japanese automotive industry.