Reported 2 days ago
Mazda Motor has announced that it will manage its investment in electrification efforts to approximately 1.5 trillion yen (about $10 billion) up to 2030 due to inflation risks that could increase costs. By leveraging existing manufacturing plants and forming partnerships, Mazda aims to produce a new electric vehicle by 2027 while minimizing investment needs by around 85%. The company's focus on collaboration within the automotive sector is seen as essential for maintaining competitiveness.
Source: YAHOO