© Reuters. FILE PHOTO: The Honda Motor emblem is pictured on the forty third Bangkok Worldwide Motor Present, in Bangkok, Thailand, March 22, 2022. REUTERS/Athit Perawongmetha
TOKYO (Reuters) -Japan’s Honda Motor Co Ltd plans to spend 8 trillion yen ($64 billion) on analysis and improvement over the following 10 years because it goals to roll out greater than 30 electrical automobile fashions globally by 2030.
The targets, laid out at an organization presentation on Tuesday, mark a push by the automaker to ramp up within the fast-growing marketplace for electrical automobiles, the place Japanese automobile makers have risked falling behind new entrants equivalent to Tesla (NASDAQ:) Inc, in addition to conventional European and U.S. rivals.
Honda additionally stated it plans to supply some 2 million electrical automobiles a yr by 2030. The majority of the funding could be in electrification and software program applied sciences, Honda stated.
It stated it might spend some 43 billion yen on an indication line for the manufacturing of solid-state batteries, with the intention of beginning that in Spring 2024
($1 = 125.4500 yen)
