Honda Motor Plans to Invest More Than $60 Billion on EV Strategy
Provided by
Dow Jones
By Kosaku Narioka
Honda Motor plans to invest about 10 trillion yen ($64.56 billion) on its electric-vehicle strategy over the 10-year period through 2030.
The Japanese automaker said Thursday that it would spend funds on research and development and capital expenditures in key markets such as such as the U.S., Canada and Japan.
Honda said investments would be also made on electrification of motorcycles.
Write to Kosaku Narioka at kosaku.narioka@wsj.com
(END) Dow Jones Newswires
May 16, 2024 02:47 ET (06:47 GMT)
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