Tuesday, April 12, 2022

Japanese automaker Honda to spend $64 billion to speed EV development

Honda has announced it will spend $64 billion on research and development of electric vehicles over the next decade, and plans to roll out several new models globally.


The strategy marks a push into the EV market amid concerns that Japanese carmakers are lagging behind European and US rivals.

Phoebe Amoroso reports from Tokyo.


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