Honda has reported its first annual loss in decades, attributed largely to a significant $9 billion writedown on its electric vehicle (EV) strategy. The automaker, which had maintained profitability for 70 years, is now pivoting its focus back to hybrid vehicles after struggling with low EV sales. In response to this shift, Honda plans to introduce 15 new hybrids, including larger SUVs and sedans such as the next-generation Accord and Acura RDX. The company has also scrapped its ambitious target of selling only electric and hydrogen-powered vehicles by 2040. Despite the downturn, Honda stock has surged, buoyed by optimistic forecasts for a profit rebound and investor guidance that surpasses expectations. As CEO Toshihiro Mibe navigates this unprecedented crisis, Honda aims to reposition itself by emphasizing hybrid technology in its future product lineup.