Honda has announced a 10-year strategy that involves the introduction of 30 new electric cars (EV) by 2030. In addition, the strategy calls for a global yearly production output of more than two million devices.
The business will show off two new mid-sized electric vehicles that it will co-produce with General Motors (GM). Honda will release the Prologue SUV initially, followed by an Acura EV shortly after.
The automaker is focusing on China as its core EV market, with plans to introduce ten new models in the next five years. It will debut a commercial small EV, passenger mini-EVs, and a few SUVs in Japan. Honda made no mention of a Japanese market timetable.
Honda’s partnership with GM aids in the acquisition of an electric vehicle platform and battery packs. It also announced an increase in the pace of its own solid-state battery research and development.
Around 8 trillion yen — 62.5 percent of the company’s budget — has been set aside to develop electric vehicles and related software technologies. With these initiatives, it is on track to become the first Japanese automaker to make rapid progress in the EV space.
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