Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Honda to develop advanced level 3 self-driving technology by 2029

Published 11/30/2022, 10:10 AM
Updated 11/30/2022, 11:33 AM
© Reuters. FILE PHOTO: The Honda Motor logo is pictured at the 43rd Bangkok International Motor Show, in Bangkok, Thailand, March 22, 2022. REUTERS/Athit Perawongmetha

TOKYO (Reuters) - Honda said it would develop technology enabling its level 3 self-driving capability to function at any speed below legal limits on highways by the second half of the 2020s as it strives to eliminate traffic deaths involving its vehicles.

Honda Motor Co Ltd in March 2021 became the world's first carmaker to sell a vehicle with level 3 self-driving technology.

Also known as conditional driving automation, level 3 involves technology that allow drivers to engage in activities behind the wheel, such as watching movies or using smartphones, but only under some limited conditions.

Honda's level 3 "Traffic Jam Pilot" system can kick in at speeds below 30 km (19 miles) per hour on highways, remaining operational until the speed picks up to 50 km per hour.

"We believe we can help reduce accidents by pursuing level 3 technology, which in essence is about cars that do not crash," Honda engineer Mahito Shikama told reporters on Tuesday. The announcement was embargoed until Thursday.

Honda is aiming for a zero-fatality rate from traffic accidents involving its cars and motorcycles globally by 2050.

© Reuters. FILE PHOTO: The Honda Motor Co. Ltd's all-new Legend sedan, equipped with level 3 autonomous driving technology, is displayed during an unveiling in Tokyo, Japan March 4, 2021. REUTERS/Issei Kato/File Photo

Shikama declined to say how soon Honda would start mass-producing its level 3 self-driving vehicles. When the Japanese carmaker launched its Legend sedan with level 3 automation technology last year, production was limited to 100 units.

Among its rivals, Mercedes-Benz late last year won approval from Germany's KBA car watchdog for its level 3 driving system.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.