Honda will team up with Chinese battery-maker Contemporary Amperex Technology (CATL) to develop a new EV based on the Fit (Honda sold a previous electric version of the Fit as a California compliance car from 2013-2015).

The latest attempt at an electric Fit will be introduced in China and elsewhere by the first half of 2020. Honda aims to make it an affordable EV priced at around $18,000, with a range of 300 km (186 miles), and claims that it will sell as many as 100,000 units per year.

Honda, a long-time laggard in the electrification game, now says it aims to make electric and plug-in hybrid vehicles around 65% of total sales by 2030.

Source: Nikkei Asian Review