Honda Motor Company (HMC) is a public multinational auto manufacturer headquartered in Tokyo, Japan. The company also manufactures motorcycles, power equipment, jet aircraft, solar cells, and robotics. It has assembly plants in Europe, North and South America, and Asia. Honda has established major manufacturing plants in the United States, and in 2013, it became the first Japanese carmaker to be a net exporter from the United States.

Under the Hood of Today's Honda

Among its notable achievements, in 1986, Honda became the first Japanese automaker to manufacture a distinct luxury brand, the Acura. Around that same time, the company began to get heavily involved in robotics 澳洲幸运5官方开奖结果体彩网:research and development, and it eventually became the first company to produce a humanoid robot capable of going up and down a flight of stairs.

Honda introduced the first hybrid electric car in the United States, the Insight, in 1999. It unveiled the Clarity plug-in hybrid in 2017. Honda Civic and Accord are two of the longest-running nameplates of Japanese automakers.

Honda is the world's largest motorcycle manufacturer and has been since 1959. The company is the largest manufacturer of internal combustion engines. It also manufacturers other power equipment lik🦩e lawnmowers, snowblowers, and outboard engines.

Honda Suppliers and Partners

Honda﷽ has established three joint ven💯tures in China and has a strong presence in Mexico, Brazil, and Argentina as well.

In terms of revenues, Honda generated 14,552.6 billion yen for the fiscal year ended March 31, 2022. Although the company's revenues decreased in 2020 due to the coronavirus pandemic, it remains one of the largest carmakers in the world.

Given its size, Honda is an important buyer of products for its supply chain. For 2021, Honda honored 35 suppliers with awards in three categories—value, sustainability, and quality & delivery. It also honored 19 parts suppliers.

In 2017, Honda partnered up with SenseTime Group of China to develop artificial intelligence, and also with Japan’s Softbank to research next-generation 5G mobile networks. In 2020, Honda announced an agreement to work with General Motors (GM) on the production of two electric vehicles. Honda will design the exterior and interior.

Honda's stock trades on both the Tokyo Stock Exchange and New York Stock Exchange. Shares alsoꦆ trade on the London Stock Exchange and the SIX Swiss exchange.

The Bottom Line

Honda Motor Company (HMC), headquartered in Tokyo, Japan, has assembly plants in Europe, North and South America, and Asia. Only in North America, it has more than 600 parts suppliers located in 32 states. In 2022, Honda purchased $22.9 billion parts and materials. As part of Honda's efforts to increase diversity and inclusion in its business operations, Honda has increased its purchasing spend with diverse companies and minority-owned suppliers by nearly $1 billion since 2015.