Listen to the news

Japan's Honda Motor has said it will launch 30 models of electric vehicles by 2030 and spend about 8 trillion yen ($ 63 billion) on high-tech research and development over the next 10 years. Kyodo.

The automaker will try to achieve an annual production of over 2 million electric vehicles by 2030.

Honda is accelerating efforts to increase the ratio of electric and hydrogen fuel cell cars to its conventional models, and by 2040 it expects all newly sold cars to be powered by electric motors.

Amid growing global competition in the industry, the Japanese giant has said it will invest 43 billion yen ($ 342.3 million) to build a demonstration line in Tochigi Prefecture to produce fully solid-state batteries, a key technology for producing safer batteries. and the possibility of greater vehicle mileage.

The company's goal is to implement the demonstration line in its operations to be put into operation in the spring of 2024.

Honda President Toshihiro Mibe said the carmaker would spend approximately 5 trillion yen ($ 40 billion) on electrification and software technology.

New models of electric vehicles that the company aims to launch by 2030 will be a full range - ranging from small vehicles for commercial use to leading luxury models.

In Japan, Honda expects to introduce in early 2024 a small electric car priced at about 1 million yen ($ 8,000).

Honda focuses on robotics, aircraft and space technology

The carmaker plans to launch 10 new models by 2027 in the Chinese market, where it intends to build special electric car plants in Guangzhou and Wuhan. 

In North America, the automaker will introduce two new models by 2024, which are currently being developed in conjunction with General Motors.

Honda is stepping up partnerships in the electric mobility business, saying last month that it will team up with Japan's Sony to develop and sell electric cars.

The two Japanese corporations will set up a new company later this year and will start selling electric cars in 2025.

Honda