TOKYO — Honda Motor is postponing the start of production in Japan of next-generation fuel cell modules from the previously scheduled fiscal 2027 to an unspecified year under plans announced Monday. The company will also reduce planned manufacturing capacity by around 30%, as high costs limit adoption of the electrified vehicles.
The Japanese automaker was set to receive a subsidy of up to 14.7 billion yen ($102 million) from the Ministry of Economy, Trade and Industry to begin production at a plant in Moka, Tochigi prefecture, north of Tokyo. It has decided to opt out of the subsidy because of the changes in time frame and scale.
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