Honda plans to invest $65 billion in electrification and software development over the decade to accelerate its transition to electric vehicles. The automaker aims to deliver EV models globally, focusing on competitive markets like China and the U.S. Panasonic faces challenges with its EV battery arm due to a slowdown in the North American market for electric vehicles.
⚠️ SLOWING EV UPTAKE MAY DELAY PANASONIC'S EV BATTERY EXPANSION, CEO SAYS Full Story → https://t.co/f0ve05n9nh A slowdown in the take-up of electric vehicles in the U.S. may prompt Tesla-supplier Panasonic to delay investing in additional plants to boost its automotive… https://t.co/INq6kHmnML
$TSLA $RIVN $LCID Japan's Panasonic Holdings said on Friday that its EV battery arm will likely miss its initial profitability target due to a worse-than-expected slowdown in the North American market for electric vehicles.
NEWS: Honda Motor Plans to Invest Over $60 Billion on EV Strategy • The company aims for EVs to constitute 40% of its global auto sales by 2030. • Honda intends to produce more than 2 million EVs by 2030. • Investments will be made in research and development, as well as… https://t.co/U4Ngl1PdnW
Panasonic says EV market slowdown in U.S. worse than expected Japan's Panasonic Holdings said on Friday that its EV battery arm will likely miss its initial profitability target due to a worse-than-expected slowdown in the North American market for electric vehicles. "There was…
Japanese automaker Honda reaffirmed its commitment to electric vehicles, saying it will invest 10 trillion yen ($65 billion) through fiscal 2031 to deliver EV models around the world, including the U.S. and China. https://t.co/4oVklgFXE0
Japanese automaker Honda reaffirmed its commitment to electric vehicles Thursday, saying it will invest 10 trillion yen ($65 billion) through fiscal 2031 to deliver EV models around the world, including the U.S. and China. https://t.co/qlTPPJINzQ
Honda revs up on EVs, aiming for lucrative U.S., China markets: Japanese automaker Honda reaffirmed its commitment to electric vehicles Thursday, saying it will invest 10 trillion yen ($65 billion) through fiscal 2031 to deliver EV… https://t.co/gSEDXnI2ap #japannews #japantoday
Honda plots $65 billion investment to build seven new EVs as it looks for a comeback https://t.co/McUSEyGHaf by @EVPeteJohnson
Honda plans to invest $65 billion in electrification and software development over the decade as it prepares to join the rapid shift to electric vehicles in highly competitive auto markets like China's. https://t.co/BoEibi5LfG