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Wednesday, 13 April 2022 08:32

Honda steps up plans for EVs, promises 30 models by 2030 Featured

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Honda introduces its progress toward electrification and business transformation for the future during April 2022 media conference Honda introduces its progress toward electrification and business transformation for the future during April 2022 media conference Courtesy Honda

Honda Motor Company plans to launch 30 electric vehicle models by 2030, with more than two million units being produced monthly, the company has announced.

The company said on Tuesday it would budget eight trillion yen (about US$64 billion, A$85.8 billion) for R&D in the next 10 years, with five trillion yen of that set aside for electrification and software.

The announcements were made during a media briefing in Tokyo on Tuesday, addressed by Toshihiro Mibe, director, president and representative executive officer; Kohei Takeuchi, director, executive vice-president and representative executive officer; and Shinji Aoyama, senior managing executive officer.

The company also said it would build a demonstration line for production of all-solid-state batteries, investing 43 billion yen, and step up research to start production in spring 2024.

Honda said it would ensure stable procurement of liquid lithium-ion batteries by strengthening external partnerships as under:

North America: Honda will procure Ultium batteries from GM. Separately, aside from GM, Honda is exploring the possibility of creating a joint venture company for battery production.

China: Honda will further strengthen collaboration with CATL.

honda chart

Japan: Honda will procure batteries for mini-EVs from Envision AESC.

In the second half of this decade, the Japanese auto giant said would introduce products specifically aimed at each region:

North America: In 2024, Honda will introduce two mid- to large-size EV models currently being developed jointly with GM. (Honda brand: All-new Prologue SUV, Acura brand: an EV SUV model.)

China: Honda will introduce a total of 10 new EV models by 2027.

Japan: In early 2024, Honda will first introduce a commercial-use mini-EV model at the 1-million-yen price range. Then, Honda is planning to make the timely introduction of personal-use mini-EVs and EV SUVs.

But Honda also pledged to continue producing hybrid models. "By no means is this the end of hybrids and the replacement of all hybrids with EVs," Mibe said. "We will develop our current hybrids and use them as a weapon in our business."

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Sam Varghese

Sam Varghese has been writing for iTWire since 2006, a year after the site came into existence. For nearly a decade thereafter, he wrote mostly about free and open source software, based on his own use of this genre of software. Since May 2016, he has been writing across many areas of technology. He has been a journalist for nearly 40 years in India (Indian Express and Deccan Herald), the UAE (Khaleej Times) and Australia (Daily Commercial News (now defunct) and The Age). His personal blog is titled Irregular Expression.

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