Honda outlines investment and development strategy for electrification

Corporate developments

Automaker to invest approximately ¥10 trillion ($65 billion) in resources over the 10-year period through fiscal year 2031

In a press briefing May 16, Honda outlined its investment and technology development strategy for this decade. The automaker said the mid-2020s will be the transitional period, from internal combustion engines to electric vehicles, emphasizing its flexibility in responding to changes in demand, business environment and the need to ensure profitability.

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