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Published 27 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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