<
https://www.reuters.com/business/autos-transportation/japans-suzuki-invest-35-bln-through-fy-2030-2023-01-26/>
'TOKYO, Jan 26 (Reuters) - Suzuki Motor Corp (7269.T) will invest 4.5 trillion
yen ($34.8 billion) through fiscal 2030 in research, development and capital
spending to make battery electric vehicles (EVs), it said on Thursday.
The Japanese automaker known for making compact "kei" cars said it would invest
2 trillion yen in electrification and autonomous driving technologies, while
allocating 2.5 trillion yen to build a battery EV plant and for renewable
energy facilities.
Of the money earmarked for electrification, 500 billion yen would be invested
in batteries, it said.
Suzuki's announcement comes after other Japanese automakers have rolled out
similar goals to catch up with European and U.S. rivals in the fast-growing
battery EV market.
Mazda Motor Corp (7261.T) unveiled in November a $10.6 billion spending plan to
electrify its vehicles.
Suzuki said it would introduce its first battery EVs, including small
sport-utility vehicles and micro "kei" cars, in Japan in fiscal 2023. With
cost-conscious customers in mind, company president Toshihiro Suzuki said he
wanted to sell vehicles for around 1 million yen.'
Via
Future Crunch:
<
https://futurecrunch.com/good-news-tropical-diseases-womens-china-miyawaki-amazon/>
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
