• Saturday, Jan 23, 2021
  • Last Update : 01:44 am

Honda to quit F1 to focus on zero-emission technology

  • Published at 11:08 pm October 2nd, 2020
Honda

The decision was made at the end of September and the company does not intend to return to F1

Japan’s Honda Motor will end its participation as an engine supplier in the FIA Formula One World Championship at the end of the 2021 season to focus on zero-emission technology, it said Friday.

The decision was made at the end of September and the company does not intend to return to F1, Chief Executive Takahiro Hachigo said in an online news conference.

Like other automakers, Honda is rushing to build new-energy vehicles in an industry shift that Hachigo Friday described as “once in a century”. 

That race is accelerating amid the coronavirus outbreak as carmakers review production plans to capture market share with new models including low or zero-emission vehicles.

Honda, which returned to F1 in 2015 in partnership with the Red Bull Racing team, said it will divert the resources it used to build F1 engines towards efforts to accelerate development of zero-emission technologies such as fuel cells and batteries.

Honda is launching its first mass-produced all-battery car this month - the Honda e - and has announced plans for two thirds of the company’s output to be new-energy vehicles by 2030.

Domestic rival Toyota Motor Corp last week said it expects annual sales of electric vehicles to reach 5.5m in 2025, five years earlier than initially planned.

52
Facebook 52
blogger sharing button blogger
buffer sharing button buffer
diaspora sharing button diaspora
digg sharing button digg
douban sharing button douban
email sharing button email
evernote sharing button evernote
flipboard sharing button flipboard
pocket sharing button getpocket
github sharing button github
gmail sharing button gmail
googlebookmarks sharing button googlebookmarks
hackernews sharing button hackernews
instapaper sharing button instapaper
line sharing button line
linkedin sharing button linkedin
livejournal sharing button livejournal
mailru sharing button mailru
medium sharing button medium
meneame sharing button meneame
messenger sharing button messenger
odnoklassniki sharing button odnoklassniki
pinterest sharing button pinterest
print sharing button print
qzone sharing button qzone
reddit sharing button reddit
refind sharing button refind
renren sharing button renren
skype sharing button skype
snapchat sharing button snapchat
surfingbird sharing button surfingbird
telegram sharing button telegram
tumblr sharing button tumblr
twitter sharing button twitter
vk sharing button vk
wechat sharing button wechat
weibo sharing button weibo
whatsapp sharing button whatsapp
wordpress sharing button wordpress
xing sharing button xing
yahoomail sharing button yahoomail