Honda Motor Co., Ltd. is a multinational conglomerate manufacturer of automobiles, motorcycles, and power equipment, with its headquarters in Minato, Tokyo, Japan. The company was founded by Soichiro Honda in Hamamatsu, Japan in October 1946 and was incorporated on September 24, 1948. Today, Honda is a globally recognized brand that serves customers worldwide with a wide range of products, including automobiles, motorcycles, scooters, electric generators, water pumps, lawn and garden equipment, rotary tillers, outboard motors, robotics, jet aircraft, jet engines, thin-film solar cells, and telematics. In addition to their core automotive and motorcycle businesses, Honda has ventured into other industries, including luxury vehicles through their Acura brand, garden equipment, marine engines, personal watercraft, power generators, and more. Honda also has joint ventures in China, including Dongfeng Honda and Guangqi Honda. The company is committed to research and development, investing about 5.7% (US$6.8 billion) of its revenues in R&D in 2013. With over 200,000 employees worldwide, Honda is an industry leader and key player in the global market.