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Japanese automaker Honda reaffirmed its commitment to electric vehicles Thursday, saying it will invest 10 trillion yen ($65 billion) through fiscal 2031 to deliver EV models around the world, including the U.S. and China.

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Japan's Honda steps up electrification investment to $65 billion through FY2030

Japanese automaker Honda is reaffirming its commitment to electric vehicles, investing 10 trillion yen, or $65 billion, through fiscal 2031.

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Japanese automaker Honda revs up on EVs, aiming for lucrative US, China markets

The company had previously allocated five trillion yen to EV tech by 2030.

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Honda says it will double investment in EVs by 2030 to $65 billion

Japanese automaker Honda is reaffirming its commitment to electric vehicles, investing 10 trillion yen, or $65 billion, through fiscal 2031

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TOKYO :Japan's Honda Motor pledged to double its electrification and software investment to about $65 billion over the 10 years running through the 2030 business year, it said on Thursday.Honda CEO Toshihiro Mibe told a press conference the automaker planned to spend a total of 10 trillion yen ($64.88 billion

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By YURI KAGEYAMA
AP Business Writer TOKYO (AP) — Japanese 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. Honda Chief Executive Toshihiro Mibe said Thursday that the company will introduce a totall…

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Honda announced plans Thursday to double investment in electric vehicles to $65 billion by 2030 as the Japanese auto giant seeks to go fully electric. The post Honda doubling investment in EVs to $65 bn appeared first on The Guardian Nigeria News - Nigeria and World News.

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Honda doubling investment in EVs to $65 bn

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Honda to invest billions in electric car production over the next few years. The Japanese carmaker is counting on a strong recovery in demand for fully electric vehicles. Sales of electric cars are currently struggling due to declining demand, strong competition from cheap models from China, and the phasing out of subsidies for purchasing an electric car.

Honda gaat de komende jaren miljarden investeren in de productie van elektrische auto’s. De Japanse autofabrikant rekent daarmee op een sterk herstel van de vraag naar volledig elektrische voertuigen. De verkopen van elektrische auto’s kampen nu juist met tegenwind door een afnemende vraag, sterke concurrentie van goedkope modellen uit China en het afbouwen van subsidies voor de aanschaf van een elektrische auto.

Honda gaat miljarden investeren in productie elektrische auto’s

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Honda to invest billions in production of electric cars.

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TOKYO (AP) — Japanese automaker Honda reaffirmed its commitment to electric vehicles Thursday, saying it will invest 10 trillion yen ($65 billion) through fiscal 2031 to deliver EV models around the world, including the U.S. and China. “Honda has not changed its belief that EVs are the most effective solution in the area of small mobility products such as motorcycles and automobiles,” the Tokyo-based company said in a statement. By 2030, battery…

Japanese automaker Honda revs up on EVs, aiming for lucrative US, China markets

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