The automaker, which is making the offer as part of a consortium, believes the offer fairly reflects the company's value, its sales boss said.

The EU approved a plan that included giving state aid to Tesla, BMW and others to support production of EV batteries and help the bloc to reduce imports from industry leader China.

Key policies including an autobahn speed limit and higher taxes on fossil-fuel emitting cars are missing, organizations said.

The drop in production reflects global supply chain problems and the permanent closure of Honda's UK factory in July.