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Dow Jones Newswires: Honda plans to procure 2 million EVs yearly by 2030

Honda Motor Co. said Tuesday that it plans to procure 2 million electrical vehicles yearly by 2030 as piece of its reveal to slash carbon emissions.

The Japanese auto maker said it goals to introduce 30 items globally by 2030.

Honda
7267,
-0.15%

HMC,
-0.08%

plans to exercise lithium-ion batteries from Overall Motors Co.
GM,
+2.49%
,
Contemporary Amperex Technology Co.
300750,
+2.83%

and Envision AESC in the meanwhile.

Honda said it goals to exercise the solid-thunder battery it is increasing for items to be offered in the unhurried 2020s.

The company targets spending 8 trillion yen ($63.86 billion) for review and beauty over the following 10 years.

Honda and Sony Team Corp.
6758,
-2.65%

SONY,
-5.54%

had said in March that they intend to collectively procure and promote electrical vehicles. They said they aimed to begin up promoting the EVs in 2025.

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