Mazda to Cut Spending on EV Development
Tokyo, March 18 (Jiji Press)--Mazda Motor Corp. said Tuesday it will cut its spending on electric vehicle development through 2030 by 500 billion yen to 1.5 trillion yen by pursuing joint development with other companies.
The Japanese automaker's EV spending plan totaled 1.5 trillion yen when it was announced in 2022 but was later boosted to 2 trillion yen because of higher inflation.
(2025/03/18-18:34)
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