00:00 It's Benzinga and here's what's on the block.
00:02 Honda plans to invest $65 billion through 2030 to build seven new EV models as part
00:08 of a strategy to stay competitive against Tesla and BYD.
00:12 The investment is double Honda's previous EV budget and aims to slash costs and establish
00:16 battery and supply chain infrastructure.
00:18 Honda will introduce 10 new EVs in China by 2027, representing 100% of auto sales there
00:24 by 2035, targeting the market with its new Ye series.
00:28 Small commercial and personal mini EV models will launch starting in 2025 following the
00:33 N-VAN e-commercial ban.
00:35 For all things money, visit Benzinga.com.
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