Japan’s Honda steps up electrification investment to $65bn through FY2030

TOKYO: Japan’s Honda Motor pledged to double its electrification and software investment to about $65 billion over the 10 years running through the 2030 business year, it said on Thursday.

Honda sees full-year profit rising 2.8%

Honda CEO Toshihiro Mibe told a press conference the automaker planned to spend a total of 10 trillion yen ($64.88 billion) on electrification and software over the period, twice as much as the 5 trillion yen it had pledged in April 2022.