Honda 'steadily and surely moving ahead' on EVs, announces large investment

TOKYO — Japanese automaker Honda reaffirmed its commitment to electric vehicles Thursday, saying it will invest 10 trillion yen through fiscal 2031 to deliver EV models around the world, including the U.S. and China.

The so-called “0 Series,” a key part of Honda’s EV strategy, will be a totally new EV series created from “zero,” Chief Executive Toshihiro Mibe told reporters in an online presentation. Despite some talk of a slowdown in electric vehicles in some markets, the move toward EVs remains solid in the long run, becoming dominant in the latter half of the 2020s, according to Honda, which makes Acura and Civic sedans and Gold Wing Tour motorcycles.

Of the 10 trillion yen investment in the works, about 2 trillion yen will go into research and development on software and another 2 trillion yen into setting up comprehensive EV value chains in key markets such as the U.S., Canada and Japan.

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Japanese automaker Honda revs up on EVs, aiming for lucrative US, China marketsJapanese 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.
Fonte: AP - 🏆 728. / 51 Leggi di più »