TOKYO -- Honda Motor plans to invest 10 trillion yen ($65 billion) in electrification and software development over the decade up to the financial year ending March 2031 as it prepares to join the rapid shift to electric vehicles in highly competitive auto markets like China's, the carmaker said on Thursday.
Automobiles
Honda to double 10-year EV and software investment to $65bn
EV models get priority as Japanese automakers struggle in Chinese market
Honda plans to introduce new models in China faster than in its other markets. (Photo by Yuki Nakao)
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