Honda to Spend $64 Billion on R&D as It Revs up Electric Ambitions

Reuters2022-04-12

TOKYO, April 12 (Reuters) - Japan's Honda Motor Co Ltd plans to spend 8 trillion yen ($64 billion) on research and development over the next 10 years as it aims to roll out more than 30 electric vehicle models globally by 2030.

The targets, laid out at a company presentation on Tuesday, mark a push by the automaker to ramp up in the fast-growing market for electric vehicles, where Japanese car makers have risked falling behind new entrants such as Tesla Inc, as well as traditional European and U.S. rivals.

Honda also said it plans to produce some 2 million electric vehicles a year by 2030. The bulk of the investment would be in electrification and software technologies, Honda said.

It said it would spend some 43 billion yen on a demonstration line for the production of solid-state batteries, with the aim of starting that in Spring 2024

($1 = 125.4500 yen)

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Comments

Botak Tur
2022-04-12
Botak Tur
K
SamHee
2022-04-12
SamHee
👍
kaeni
2022-04-12
kaeni
Vtec rocks[Grin]
Toby_Chua
2022-04-12
Toby_Chua
Good value n reliable cars so far
Victorhc88
2022-04-12
Victorhc88
Like
Success88
2022-04-12
Success88
Can invest. I love Japanese Honda besides European Mercedes 😝

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The bulk of the investment would be in electrification and software technologies, Honda said.</p><p>It said it would spend some 43 billion yen on a demonstration line for the production of solid-state batteries, with the aim of starting that in Spring 2024</p><p>($1 = 125.4500 yen)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HMC":"本田汽车"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2226324666","content_text":"TOKYO, April 12 (Reuters) - Japan's Honda Motor Co Ltd plans to spend 8 trillion yen ($64 billion) on research and development over the next 10 years as it aims to roll out more than 30 electric vehicle models globally by 2030.The targets, laid out at a company presentation on Tuesday, mark a push by the automaker to ramp up in the fast-growing market for electric vehicles, where Japanese car makers have risked falling behind new entrants such as Tesla Inc, as well as traditional European and U.S. rivals.Honda also said it plans to produce some 2 million electric vehicles a year by 2030. The bulk of the investment would be in electrification and software technologies, Honda said.It said it would spend some 43 billion yen on a demonstration line for the production of solid-state batteries, with the aim of starting that in Spring 2024($1 = 125.4500 yen)","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9017943288,"gmtCreate":1649739377851,"gmtModify":1676534561678,"author":{"id":"4091415616262270","authorId":"4091415616262270","name":"kaeni","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"4091415616262270","authorIdStr":"4091415616262270"},"htmlText":"Vtec rocks[Grin]&nbsp;","listText":"Vtec rocks[Grin]&nbsp;","text":"Vtec rocks[Grin]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9017943288","repostId":2226324666,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9017923706,"gmtCreate":1649738017987,"gmtModify":1676534561263,"author":{"id":"3576326749731922","authorId":"3576326749731922","name":"Toby_Chua","avatar":"https://community-static.tradeup.com/news/82ec063fd73ccbceee82eab015cdf3fd","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":7,"crmLevelSwitch":1,"idStr":"3576326749731922","authorIdStr":"3576326749731922"},"htmlText":"Good value n reliable cars so far","listText":"Good value n reliable cars so far","text":"Good value n reliable cars so far","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9017923706","repostId":2226324666,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9017916805,"gmtCreate":1649734902526,"gmtModify":1676534560629,"author":{"id":"3582248650466523","authorId":"3582248650466523","name":"Victorhc88","avatar":"https://static.tigerbbs.com/d72a1d9498132424b1eddb4db3c77265","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3582248650466523","authorIdStr":"3582248650466523"},"htmlText":"Like&nbsp;","listText":"Like&nbsp;","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9017916805","repostId":2226324666,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9017932228,"gmtCreate":1649734050930,"gmtModify":1676534560396,"author":{"id":"4101948424484190","authorId":"4101948424484190","name":"Success88","avatar":"https://static.itradeup.com/news/4408e1a22d73e99adb53aa65dde8ad91","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":4,"crmLevelSwitch":0,"idStr":"4101948424484190","authorIdStr":"4101948424484190"},"htmlText":"Can invest. I love Japanese&nbsp;Honda besides European&nbsp;Mercedes 😝","listText":"Can invest. I love Japanese&nbsp;Honda besides European&nbsp;Mercedes 😝","text":"Can invest. I love Japanese Honda besides European Mercedes 😝","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9017932228","repostId":2226324666,"repostType":2,"repost":{"id":"2226324666","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1649732101,"share":"https://ttm.financial/m/news/2226324666?lang=&edition=fundamental","pubTime":"2022-04-12 10:55","market":"us","language":"en","title":"Honda to Spend $64 Billion on R&D as It Revs up Electric Ambitions","url":"https://stock-news.laohu8.com/highlight/detail?id=2226324666","media":"Reuters","summary":"TOKYO, April 12 (Reuters) - Japan's Honda Motor Co Ltd plans to spend 8 trillion yen ($64 billion) o","content":"<html><head></head><body><p>TOKYO, April 12 (Reuters) - Japan&#39;s Honda Motor Co Ltd plans to spend 8 trillion yen ($64 billion) on research and development over the next 10 years as it aims to roll out more than 30 electric vehicle models globally by 2030.</p><p>The targets, laid out at a company presentation on Tuesday, mark a push by the automaker to ramp up in the fast-growing market for electric vehicles, where Japanese car makers have risked falling behind new entrants such as Tesla Inc, as well as traditional European and U.S. rivals.</p><p>Honda also said it plans to produce some 2 million electric vehicles a year by 2030. The bulk of the investment would be in electrification and software technologies, Honda said.</p><p>It said it would spend some 43 billion yen on a demonstration line for the production of solid-state batteries, with the aim of starting that in Spring 2024</p><p>($1 = 125.4500 yen)</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Honda to Spend $64 Billion on R&D as It Revs up Electric Ambitions</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHonda to Spend $64 Billion on R&D as It Revs up Electric Ambitions\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-04-12 10:55</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>TOKYO, April 12 (Reuters) - Japan&#39;s Honda Motor Co Ltd plans to spend 8 trillion yen ($64 billion) on research and development over the next 10 years as it aims to roll out more than 30 electric vehicle models globally by 2030.</p><p>The targets, laid out at a company presentation on Tuesday, mark a push by the automaker to ramp up in the fast-growing market for electric vehicles, where Japanese car makers have risked falling behind new entrants such as Tesla Inc, as well as traditional European and U.S. rivals.</p><p>Honda also said it plans to produce some 2 million electric vehicles a year by 2030. The bulk of the investment would be in electrification and software technologies, Honda said.</p><p>It said it would spend some 43 billion yen on a demonstration line for the production of solid-state batteries, with the aim of starting that in Spring 2024</p><p>($1 = 125.4500 yen)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HMC":"本田汽车"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2226324666","content_text":"TOKYO, April 12 (Reuters) - Japan's Honda Motor Co Ltd plans to spend 8 trillion yen ($64 billion) on research and development over the next 10 years as it aims to roll out more than 30 electric vehicle models globally by 2030.The targets, laid out at a company presentation on Tuesday, mark a push by the automaker to ramp up in the fast-growing market for electric vehicles, where Japanese car makers have risked falling behind new entrants such as Tesla Inc, as well as traditional European and U.S. rivals.Honda also said it plans to produce some 2 million electric vehicles a year by 2030. The bulk of the investment would be in electrification and software technologies, Honda said.It said it would spend some 43 billion yen on a demonstration line for the production of solid-state batteries, with the aim of starting that in Spring 2024($1 = 125.4500 yen)","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":115,"commentSize":7,"repostSize":0,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2226324666"}