Excerpt from techcrunch.com
Honda Motor Co. will launch 30 EV models by 2030 with a production volume of more than 2 million vehicles a year, the company said during a live briefing on Monday evening.
The Japanese automaker said it will spend $40 billion (5 trillion yen) on electrification over the next ten years, which includes building its own electrification architecture and exploring new growth opportunities in space exploration, eVTOL, avatar robots and more.
Over the next decade, Honda will also invest around $64 billion (8 trillion yen) in research and development, and an additional $80 million (10 billion yen) per year in startups that could help the automaker to expand its business and shift from selling products alone to offering combined solutions, according to Toshihiro Mibe, CEO of Honda, who noted that the company will also actively pursue inter-industry collaboration and alliances.