Company aiming for 100,000 sales per year

Honda will begin its assault on the global electric car market with a new Jazz-based vehicle due to launch in 2020.

According to the Nikkei Asian Review, Honda is preparing a Jazz-based EV with a range of around 300 kilometres. The new EV will go on sale in China and other markets during the first half of 2020.

Unlike Honda's current fleet of electrified vehicles, which use Panasonic and GS Yuasa batteries, the new EV will use battery technology from Contemporary Amperex Technology, a Chinese firm. This should help its prospects in the Chinese market, where the government provides incentives to vehicles equipped with locally-made batteries.

It's not known if this electric car will have a completely unique design, or whether its Jazz-based roots will be immediately obvious.

In its homeland, the Jazz-based EV will be priced from around two million yen ($24,000). When production hits full speed, the company hopes to sell around 100,000 of these electric cars per year.

Last year Honda confirmed it was developing two new electric vehicles, one aimed specifically at the Chinese domestic market, and one destined for sale across the globe.

The former model is slated to become available this year, and was previewed by a concept car (above) at the recent Beijing motor show. This HR-V-based vehicle will be sold under its Everus joint venture marque in China.

At present, the company's only EV is a version of its second-generation US-only Clarity. Designed specifically to fulfil its obligations under Californian law, the 120kW/300Nm Clarity Electric has a paltry range of just 129 kilometres from its 25.5kWh battery pack.