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Honda Plans To Invest Almost $65 Billion on EV Strategy Through Fiscal 2031

Financial Concepts

Definition

KEY TAKEAWAYS Honda plans to invest almost 10 trillion yen ($64.4 billion) in its electric vehicle strategy through its 2031 fiscal year, as it seeks to catch up with Tesla and its Chinese rivals.The Japanese automaker has a target of having EVs and fuel-cell EVs account for 40% of its global auto sales by 2030.The increased investment by Honda comes as EV makers scale back their expansion amid sl

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