Honda says to spend $64 billion on R&D as it revs up electric ambitions

2022.04.12 04:36

FILE PHOTO: The Honda Motor logo is pictured at the 43rd Bangkok International Motor Show, in Bangkok, Thailand, March 22, 2022. REUTERS/Athit Perawongmetha

TOKYO (Reuters) – Japan’s Honda Motor Co Ltd plans to spend 8 trillion yen ($64 billion) on research and development over the next 10 years, as it looks to roll out more than 30 electric vehicle models globally by 2030.

The automaker also said on Tuesday it plans to produce some 2 million electric vehicles a year by 2030.

($1 = 125.4800 yen)

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