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Honda Commits $65B To Electrification By 2030

Honda Motor Co. Ltd (NYSE:HMC) is set to invest $65 billion in electrification and software development over the next decade, doubling its previous commitment. CEO Toshihiro Mibe highlighted the necessity of this investment for battery supply and cost reductions. Starting in 2026, Honda will launch new EVs with a 300-mile range and advanced e-axle technology, aiming for a 20% reduction in battery costs by 2030.

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Honda’s Bet On Canadian EV Hub: Reportedly Plans $11B Investment

Honda Motor reportedly announces a groundbreaking $11 billion investment to pioneer electric vehicle manufacturing in Canada. Collaborating with Canadian authorities, this strategic move signifies Honda's commitment to meeting the rising demand for electric vehicles in North America. The decision underscores a significant milestone for Canada's emergence as a pivotal player in the regional electric vehicle market.

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