10 Best Asian Stocks to Invest in According to Analysts

2. Honda Motor Co., Ltd. (NYSE:HMC)

Upside Potential: 45.19%

Stock Price as of January 27: $28.81

Number of Hedge Fund Holdings: 11

Honda Motor Co., Ltd. (NYSE:HMC), headquartered in Tokyo, Japan, is a global leader in automotive manufacturing. The company is known for its high-quality vehicles and innovative technologies. Honda Motor Co., Ltd. (NYSE:HMC) produces a wide range of products, including cars, motorcycles, and power equipment, and has a global presence in over 160 countries.

Honda Motor Co., Ltd. (NYSE:HMC) is shifting its focus towards electrification and expanding its electric vehicle (EV) lineup. The company plans to introduce new EV models in the US market, starting from the 2026 model year, with the aim of increasing its EV sales and reducing its reliance on traditional internal combustion engine vehicles. This move also aims to comply with the Zero-Emission Vehicle Act, a California regulation that mandates a certain percentage of new car sales must be zero-emission vehicles. Honda Motor Co., Ltd. (NYSE:HMC) is also investing in battery technology and has established a joint venture with LG Energy Solution to produce EV batteries in the US. This strategic move is expected to help the company reduce its production costs and improve the efficiency of its EV manufacturing process.

Honda Motor Co., Ltd. (NYSE:HMC) is committed to innovation and research and development (R&D) as a key driver of its growth strategy. The company is investing heavily in new technologies such as autonomous driving, artificial intelligence, and connectivity, with the aim of developing new products and services that meet the evolving needs of its customers. Furthermore, the company is also focusing on improving its operational efficiency and reducing costs. The company is implementing various measures to streamline its production processes, reduce waste, and improve the productivity of its manufacturing facilities.