Mazda, Suppliers to Invest $11 Billion on Electric Vehicle Push
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Mazda Motor Corp. and its suppliers plan to invest 1.5 trillion yen ($10.6 billion) in an electric-vehicle expansion plan, with the automaker forecasting they’ll account for 25%-40% of its global sales in 2030.
The investment includes spending on facilities by Mazda’s suppliers, senior managing executive Akira Koga said at a briefing Tuesday, without disclosing how much Mazda would be contributing. The company had previously said EVs could equal 25% of sales at the end of the decade.