Honda is quitting Formula 1 (F1) at the end of the 2021 season to focus on fuel cell and battery technologies, the Japanese car giant said in a shock announcement on Friday (2nd Oct).
As the automobile industry undergoes a once-in-one-hundred years period of great transformation, Honda has decided to strive for the realisation of carbon neutrality by 2050, Honda said in a statement.
Honda will funnel its corporate resources in research and development into the areas of future power unit and energy technologies, including fuel cell vehicle and battery electric vehicle technologies, which Honda says will be the core of carbon-free technologies.
As a part of this move, in April of this year, Honda created a new centre called Innovative Research Excellence, Power Unit & Energy.
Honda said it will allocate its energy management and fuel technologies as well as knowledge amassed through F1 activities to this area of power unit and energy technologies and take initiatives while focusing on the future realisation of carbon neutrality.