$40B Investment Crucial to Go Fully Electric: Honda CEO

The transcript discusses Honda's strategic plans to achieve carbon neutrality by 2050, including producing over two million electric vehicles annually by 2030. It highlights Honda's partnerships with GM and Sony to enhance competitiveness and innovation in the EV market. The challenges posed by rising raw material prices and the global chip shortage are addressed, along with the potential impacts of the Ukraine conflict on Honda's operations.

What is Honda's target for electric vehicle production by 2030?

• Four million vehicles

• One million vehicles

• Two million vehicles

• Three million vehicles

How does Honda's partnership with GM benefit their EV business?

• Enhances cost efficiency and competitiveness

• Reduces vehicle attractiveness

• Limits global market reach

• Increases production costs

What is a major challenge Honda faces in the EV market?

• Decreasing demand for EVs

• Insufficient workforce

• Rising raw material prices

• Lack of technology

How does Honda plan to address the rising cost of raw materials?

• By increasing cobalt usage

• By reducing cobalt usage

• By ignoring the price hikes

• By halting EV production

What is the nature of the collaboration between Honda and Sony?

• Subtraction of technologies

• Addition of technologies

• Multiplication of technologies

• Division of technologies

What is the expected impact of the chip shortage on Honda's operations?

• Immediate resolution

• Long-term impact expected

• Short-term impact only

• No impact at all

What percentage of all chips do automakers use?

• 5%

• 15%

• 20%

• 10%