
Honda joins electric car race with $40 billion investment
CNN
Honda is joining the flurry of global automakers spending tens of billions of dollars to go electric.
The Japanese company announced Tuesday that it would invest approximately 5 trillion yen ($39.8 billion) to electrify its lineup over the next decade, including software and research and development.
It wants to launch 30 new electric vehicle models, including two SUVs and a mini car, by 2030. The manufacturer also plans to ramp up production to more than 2 million EVs annually.
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