By River Davis

Honda Motor Co. will launch a new mid- to large-size electric vehicle in North America in 2025, part of the auto maker's plans to make its lineup fully electric by 2040.

Honda will also roll out three new electric models in Japan by 2026, Chief Executive Toshihiro Mibe said in a briefing Wednesday.

Separately, Honda said it will partner with Taiwan Semiconductor Manufacturing Co. to ensure stable supply of chips for cars, Mr. Mibe said, declining to offer further details on the partnership's terms.

"Stable procurement of semiconductors is becoming more important as mobility is electrified and digitalized," Mr. Mibe said. Results from its partnership with TSMC should be evident from fiscal year 2025, he said.

Write to River Davis at River.Davis@wsj.com

(END) Dow Jones Newswires

April 26, 2023 00:26 ET (04:26 GMT)

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