Honda plans to invest ~$12.8B in software over the decade up to the FY ending March 2031, as it prepares to join the rapid shift to EVs in markets like China (Yuichi Shiga/Nikkei Asia)

Yuichi Shiga / Nikkei Asia:
Honda plans to invest ~$12.8B in software over the decade up to the FY ending March 2031, as it prepares to join the rapid shift to EVs in markets like China  —  EV models get priority as Japanese automakers struggle in Chinese market  —  Honda plans to introduce new models in China faster than in its other markets.