Mazda unveils $11 billion EV spending plan, considers investing in battery production
Japan’s Mazda Motor Corp on Tuesday unveiled a $10.6 billion spending plan to electrify its vehicles and said it was also considering investing in battery production.
The company also raised its sales target for electric vehicles (EVs) to up to 40% of its global total by 2030, as automakers worldwide spend billions of dollars to ramp up battery and EV production in the face of tougher environmental regulations.
