Honda plans to invest $40 billion on EVs and launch 30 models by 2030
that it's spending 5 trillion yen or around $40 billion on its electrification efforts over the next 10 years. , the company also said that it plans to launch 30 EV models by 2030 with a production volume of 2 million vehicles a year. The aim is for electric vehicles to make up 40 percent of its fleet by the end of the decade,reports, Honda plans to get the ball rolling in Japan by introducing an ultra-cheap mini EV model that costs around $8,000 by 2024.
Honda has plans that don't involve GM, however, and is using part of its $40 billion budget to develop its own electrification platform. It's also exploring the possibility of teaming up with other companies for battery production. In addition, it's investing 43 billion yen into building a demonstration line for solid-state batteries by 2024.
Honda CEO Toshihiro Mibe has also reiterated that a big part of its electrification efforts is making sure it has a solid presence in China, which is currently the world's biggest EV market. Like the company announced in the past, Mibe said Honda will launch 10 new models in China under its e:N Series branding by 2027. The company will also build plants in Guagzhou and Wuhan to manufacture its electric vehicles for the country.
All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Honda plans to produce 2 million EVs annually by 2030Honda Motor Co. said Tuesday that it plans to produce 2 million electric vehicles annually by 2030 as part of its bid to cut carbon emissions.
Les mer »
This $40 Knit Set From Amazon Is Going Viral on TikTokI reviewed Amazon's Make Me Chic Two Piece Matching Ribbed Knit Set. See my review, photos, and styling video.
Les mer »
Honda plans to produce 2 million EVs annually by 2030Honda Motor Co. said Tuesday that it plans to produce 2 million electric vehicles annually by 2030 as part of its bid to cut carbon emissions.
Les mer »
DoorDash adds a cheaper DashPass plan for students | EngadgetThe $5 per month subscription costs half as much as the regular DashPass..
Les mer »
New Outdoor Music Venue To Compliment Colorado Springs' Music CultureA $40 million outdoor music venue is in the works for Colorado Springs.
Les mer »
Uniswap Labs launches venture unit to invest in web3 projectsUniswap Labs has launched its venture unit to invest in web3 projects across categories, including in startups building blockchain infra.
Les mer »