Automakers

Honda pours $40B into electrification, targets 2 million EV output by 2030

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CEO Toshihiro Mibe: "Honda will not just stand by and watch. We want to be the one taking initiative to bring about transformation."
April 12, 2022 02:26 AM

TOKYO – Honda Motor, in the midst of a radical corporate makeover, said it will invest 5 trillion yen ($39.91 billion) over the next 10 years in electrification and software as it rolls out 30 full electric vehicles globally and builds production capacity for 2 million EVs annually by 2030.

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