Why automakers including Honda and Toyota are pouring millions into rockets and satellites
Written by Emily J. Thompson, Senior Investment Analyst
Source: Newsfilter
Investment in Space Technology: Toyota's subsidiary "Woven by Toyota" is investing $44 million in Interstellar Technologies, while Honda and Geely are also developing their own space technologies to support satellite launches for automotive applications.
Future of Connected Vehicles: The rise of connected vehicles presents a significant revenue opportunity, with estimates suggesting it could reach $742 billion annually by 2030, driven by services like advanced driver assistance systems that utilize satellite data.
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About HMC
Honda Motor Co Ltd is a Japan-based company principally engaged in the motorcycle business, the automobile business, the financial service business and the life creation business. The Company operates through four business segments. The Motorcycle segment is engaged in the research and development, production and sale of motorcycles, all-terrain vehicles (ATVs), side-by-side vehicles and related parts. The Automobile segment is engaged in the research and development, production and sale of automobiles and related parts. The Financial Service segment is engaged in the sales financing and leasing of its products. The Power Products and Other Business segment is engaged in the research and development, production and sale of power products and related parts.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
