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Honda Motor Co. said Tuesday that it plans to produce 2 million electric vehicles annually by 2030 as part of its bid to cut carbon emissions.
The Japanese auto maker said it aims to introduce 30 models globally by 2030.
Honda said it aims to use the solid-state battery it is developing for models to be sold in the late 2020s.
The company targets spending 8 trillion yen ($63.86 billion) for research and development over the next 10 years.
Source: This post first appeared on http://marketwatch.com/