The leaders of the famous Japanese group Honda held an online briefing open to the press earlier in the day to unveil their plan to electrify their car fleet over 10 years. With an investment of 40 billion dollars, Honda wants to increase the share of its electric vehicles at 40%.
The Japanese company plans to release 30 electric vehicle models by 2030 in its priority markets: Japan, China and North America.
Focus on collaboration and emancipation
Led by Honda CEO Toshihiro Mibe, the manufacturer’s briefing went straight to the point: the brand will invest $40 billion over 10 years to accelerate the transformation of its fleet. The brand plans to release 30 electric vehicle models mainly in Japan, China and North America by 2030, with a production capacity of 2 million vehicles per year. No information regarding other regions has been shared.
To achieve its objectives, Honda is strengthening cooperation in the targeted territories by joining forces with General Motors in the United States, for example. The company is even exploring the possibility of creating a joint venture for the creation of batteries, but also to work on affordable electric vehicle models. But Honda will also accelerate its internal research by investing $318 million in the creation of a demonstration line for batteries.
The Japanese manufacturer also plans to use its own in-house architecture by 2026. In the meantime, the brand is adapting to its markets. It thus announces the release from 2024, in the United States, of two medium- and large-size SUV models: the Prologues and vehicles under the Acura brand. On the Chinese side, 10 new models will see the light of day by 2027, and Japan will benefit from an ultra-affordable model at $8,000.
Source : end gadget
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