Honda Posts First Net Loss Ever: $2.7B Hit, $10B EV Write-Off, and a 15-Hybrid Comeback Plan vs Tesla and BYD
Honda reported a ¥423.9 billion ($2.7B) net loss for FY2026 — its first since listing in 1957 — alongside ¥1.58 trillion ($10B) in EV-related write-offs. The carmaker unveiled a turnaround plan the same day: 15 new hybrids by 2029, ¥1.4 trillion ($8.9B) operating profit target by FY2029, and a sharp comparison emerges with Toyota's multi-pathway bet, Tesla's pure-EV scale, BYD's slowdown, and Hyundai's quiet rise.
