KEY TAKEAWAYS Honda plans to invest almost 10 trillion yen ($64.4 billion) in its electric vehicle strategy through its 2031 fiscal year, as it seeks to catch up with Tesla and its Chinese rivals. The Japanese automaker has a target of having EVs and fuel-cell EVs account for 40% of its global auto sales by 2030. The increased investment by Honda comes as EV makers scale back their expansion amid slowing growth and intense competition from cheaper Chinese models. Honda Motor (HMC) on Thursday said it plans ...