Honda is reportedly working on a new battery-electric model based on the Fit. This wouldn’t be the first time the Fit has spawned an EV as the Fit EV came to market back in 2012, but lasted only a short time.
The Nikkei reports Honda will work with supplier Contemporary Amperex Technology (CATL) on the new model. CATL will supply the battery and other components for the car, which is rumored to offer a range of around 186 miles. Such a range would immediately put the new model behind many rivals, including the Chevrolet Bolt EV and Tesla Model 3.
The lower range appears to be part of Honda’s strategy with this small EV. Reports suggest Honda is aiming to offer the car for about 2 million yen, which in U.S. dollars would be about $18,000. Such a price point would slot the new Honda product well under most EV competitors.
What isn’t known is which global markets will get this new product. It sounds like the car is being developed with the Chinese market in mind, where the government subsidizes battery-electric vehicles in an effort to combat the countries pollution.
The new EV is expected to launch in the first half of 2020. It remains unknown if the U.S. will be among the list of launch markets.