Today’s announcement concerns the restructuring of Regional Operations and Corporate Functions, as well as the creation of what is called “Electrification Business Development Operations.” EBDO is an outgrowth of the Business Development Operations established last April to strengthen electrification business. The Electrification Business Development Operations will consolidate the business strategy and BEV product development functions of automobile business and electrification-related strategy and development functions of motorcycle and power products businesses “to further strengthen and accelerate Honda’s electrification business.”