Nvidia Partners With Fanuc and Yaskawa to Accelerate AI Robotics in Japan 
Volkswagen Launches €28,000 ID. Cross EV as Europe’s Electric Vehicle Demand Accelerates 
DeepSeek Eyes China IPO as AI Startup Seeks $71 Billion Valuation in New Funding Round 
Uber to Acquire Delivery Hero in $14.8 Billion Deal to Expand Global Food Delivery Business 
Asian Stocks Slide as Oil Surge, U.S.-Iran Tensions and Fed Rate Bets Weigh on Markets 
China Home Prices Fall Again in June Despite Slower Pace of Decline 
Sodexo Unveils Shift & Grow 2030 Strategy, Targets Over 5% Revenue Growth by Fiscal 2030 
IEA Warns China Rare Earth Export Curbs Could Threaten $6.5 Trillion in Global Production 
Asian Currencies Hold Steady as Middle East Tensions Offset Weaker US Dollar 
US Stock Futures Hold Steady as Soft Inflation Data Eases Fed Rate Hike Fears 
Taiwan Mangoes Head to Europe as Premium Fruit Exports Expand 
South Korea’s KOSPI Enters Bear Market Despite Remaining 2026’s Best-Performing Major Stock Index 
Airbus Signs Cloud Deal With Scaleway to Power Secure AI and Defense Applications 
ECB's Kocher Says No Inflation Spillover Yet From Iran Conflict, Warns Risks Remain 
US Inflation Expected to Ease in June, but Fed Rate Hike Risks Persist Amid Middle East Tensions 
Gold Prices Slip as Oil Rally Fuels Inflation Fears, Strengthens Dollar 
Honda Motor is revving up its electric vehicle business to be able to compete in the growing EV market worldwide. For its ambitions, the Japanese automaker is planning to invest $64 billion or ¥8 trillion for its research and development unit over the next 10 years.
With its investment, Honda Motor is hoping to produce and launch more than 30 units of EV models by the year 2030, globally. As per Reuters, the company's R&D investment plan and goals were laid out during a presentation that took place on Tuesday, April 12.
The parading of the plans marks the automaker's push in stepping up its game in the fast-growing market for electric vehicles. Honda is determined to boost its R&D as the Japanese car manufacturers may fall behind newer brands such as Tesla which has been launching cutting-edge models.
The company further revealed it is also planning to make around two million electric vehicles per year by 2030. A large part of the investment will be directed to electrification and software technologies, and Honda will inject around ¥43 billion into a demonstration line for the production of solid-state batteries, which is expected to begin in the Spring of 2024.
CNN Business reported that Honda will be producing a mini-car and two sports utility vehicle models for its EV goals for 2030. The ultimate aim is to boost production to over two million electric cars per year.
For its so-called "solid-state batteries," Honda Motor said this will offer a longer travel range compared to lithium-ion batteries that are commonly used in EVs today. It will focus on developing this battery that was described to be lighter and charge more quickly.
Finally, the firm already put in ¥43 billion or around $343 million in the development of its own brand of solid-state batteries. Honda is aiming to release these to the market in the second half of this decade. While it is still making the batteries, Honda will be using the lithium-ion type in the meantime and will secure partners for the supply.
