Published 17 days ago

Japanese automaker Honda revs up on EVs, aiming for lucrative US, China markets

Honda plans to invest 10 trillion yen by fiscal 2031 to develop electric vehicles globally, targeting markets like the U.S. And China.
The investment will include 2 trillion yen in software research, 2 trillion yen in EV value chains, and 6 trillion yen in manufacturing new EV plants.
The goal is to catch up with Chinese EV competitors and enhance production capabilities, including motorcycles, as Beijing-based companies like BYD surge ahead.

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Associated Press News

Japanese automaker Honda revs up on EVs, aiming for lucrative US, China markets

Japanese automaker Honda is reaffirming its commitment to electric vehicles, investing 10 trillion yen, or $65 billion, through fiscal 2031.

17 days ago·United States

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Hindustan Times

Honda says it will double investment in EVs by 2030 to $65 billion

The company had previously allocated five trillion yen to EV tech by 2030.

17 days ago·New Delhi, India

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abc News

Japanese automaker Honda revs up on EVs, aiming for lucrative US, China markets

Japanese automaker Honda is reaffirming its commitment to electric vehicles, investing 10 trillion yen, or $65 billion, through fiscal 2031

17 days ago·United States

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Channel News Asia

Japan's Honda steps up electrification investment to $65 billion through FY2030

TOKYO :Japan's Honda Motor pledged to double its electrification and software investment to about $65 billion over the 10 years running through the 2030 business year, it said on Thursday.Honda CEO Toshihiro Mibe told a press conference the automaker planned to spend a total of 10 trillion yen ($64.88 billion

17 days ago·Singapore

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KVIA

Japanese automaker Honda revs up on EVs, aiming for lucrative US, China markets

By YURI KAGEYAMA AP Business Writer TOKYO (AP) — Japanese automaker Honda is reaffirming its commitment to electric vehicles, investing 10 trillion yen, or $65 billion, through fiscal 2031. The company says that by 2030, battery EVs and fuel cell EVs will make up 40% of Honda’s global auto sales. Global production capacity will be more than 2 million EVs. Honda Chief Executive Toshihiro Mibe said Thursday that the company will introduce a totall…

17 days ago·Panama City, United States

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The Guardian Nigeria

Honda doubling investment in EVs to $65 bn

Honda announced plans Thursday to double investment in electric vehicles to $65 billion by 2030 as the Japanese auto giant seeks to go fully electric. The post Honda doubling investment in EVs to $65 bn appeared first on The Guardian Nigeria News - Nigeria and World News.

17 days ago·Nigeria

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