{
    "success": true,
    "data": {
        "id": 1700701,
        "msgid": "honda-boss-speaks-frankly-says-no-chance-against-china-1777128695",
        "date": "2026-04-25 20:50:54",
        "title": "Honda Boss Speaks Frankly, Says No Chance Against China",
        "author": "Gita Amanda",
        "source": "REPUBLIKA",
        "tags": "",
        "topic": "Business",
        "summary": "Honda CEO Toshihiro Mibe has candidly admitted that the company has little chance of competing with Chinese electric vehicle manufacturers, following his visit to a highly automated factory in China in February. This concern comes amid Honda's announcement of its first annual loss in early March, amounting to over $15.7 billion, exacerbated by sudden US policy changes eliminating long-standing electric vehicle tax credits by mid-2025. The stark efficiency of China's production lines, with full automation from parts procurement to logistics and no human presence on the factory floor, underscores the competitive challenges facing global automakers like Honda, Ford, and General Motors, which have all reported billions in losses.",
        "content": "<p>REPUBLIKA.CO.ID, BEIJING \u2013 Honda CEO Toshihiro Mibe stated that his\ncompany has few opportunities to compete with Chinese car manufacturers,\nparticularly after witnessing the advancements in electric vehicle\nmanufacturing in the country firsthand. Quoting Yahoo Finance, Mibe\u2019s\nvisit to a bustling electric vehicle factory in China in February left\nhim deeply concerned, as reported by SlashGear. Like other major car\nmanufacturers, Honda was forced to make a rapid strategic shift by\nmid-2025 following sudden policy changes in the United States that\nabolished long-standing electric vehicle tax credits. American\nmanufacturers Ford and General Motors both suffered billions of dollars\nin losses, while Honda\u2019s losses exceeded $15.7 billion. Honda announced\nits first annual loss in early March, shortly after Mibe\u2019s visit to the\nChinese electric vehicle manufacturing plant. According to SlashGear,\nthe speed and efficiency of that facility worried him. \u201cWe have no\nchance against this,\u201d Mibe said, according to a Nikkei Asia article\ndated 31 March. \u201cFrom parts procurement to logistics management,\neverything in that facility is automated, and there are no humans on the\nproduction floor.\u201d<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/honda-boss-speaks-frankly-says-no-chance-against-china-1777128695",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}