Honda, with its Chinese partner GAC, has launched a new all-electric crossover in China and it’s going to sell for the equivalent of just ~$25,000 USD.
The Japanese automaker doesn’t have much to show for itself when it comes to electrification.
It has been delivering relatively low volumes of the electric version of the Clarity and it has plans for a few new electric models – starting next year with a retro-looking EV.
But the Chinese market has introduced a lot of regulations and incentives for automakers to accelerate the electrification of their offerings.
This has resulted in China getting many new EVs that are not available anywhere else.
Honda introduced another Chinese-exclusive EV this week at Guangzhou Auto Show: The Honda Everus VE-1.
It is similar in size and design to the popular HR-V subcompact crossover and it is going to retail at only 170,800 yuan (~$25,000 USD) after incentives.
For the price, it features a decent electric powertrain with a 53.6 kWh battery pack and a 120 kW electric motor that can deliver a range of 340 km (211 miles of range). However, that’s apparently based on the NEDC standard and buyers should expect a significantly lower real-world range.
Production is expected to start by the end of the year. Along with consumer sales, Honda also plans to use the vehicle for an electric car sharing service.
For those outside of China waiting for an affordable electric Honda, the company is reportedly working on an affordable all-electric Fit-based car with the biggest Chinese battery maker. That new car is reportedly going to have a global release.