Honda is joining the flurry of global automakers spending knockouts of billions of bones to go electric.
The Japanese company blazoned Tuesday that it would invest roughly 5 trillion yearning ($39.8 billion) to exhilarate its lineup over the coming decade, including software and exploration and development.
It wants to launch 30 new electric vehicle models, including two SUVs and a mini auto, by 2030. The manufacturer also plans to ramp up product to further than 2 million EVs annually.
Honda (HMC) is paying particular attention to the development of so- called” solid- state batteries,”a source of power that is intended to be lighter and faster to recharge, and offer further traveling range than the lithium-ion batteries traditionally used to power electric buses.
So far, the company has sunk 43 billion yearning ($ 343 million) into developing its own line of solid- state batteries, which it said it hopes to bring to request”in the alternate half”of this decade