Honda Motor Co. plans to spend ¥8 trillion ($64 billion) on research and development over the next 10 years as it aims to roll out more than 30 electric vehicle models globally by 2030.
The targets, laid out at a company briefing Tuesday, mark a push by the automaker to ramp up in the fast-growing market for electric vehicles, where Japanese carmakers have risked falling behind new entrants such as Tesla Inc., as well as traditional European and U.S. rivals.
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