Honda plans to produce 2 million EVs annually by 2030

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.

Honda 7267, -0.43% HMC, -0.08% plans to use lithium-ion batteries from General Motors Co. GM, +2.49%, Contemporary Amperex Technology Co. 300750, +0.66% and Envision AESC for the time being.

Honda said it aims to use the solid-state battery it is developing for models to be sold in the late 2020s.Honda and Sony Group Corp. 6758, -3.03% SONY, -5.54% had said in March that they intend to jointly develop and sell electric vehicles. They said they aimed to begin selling the EVs in 2025.

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