Mazda to invest $11b by 2030 to electrify its vehicles, boost battery production

Mazda to invest $11b by 2030 to electrify its vehicles, boost battery production

The logo of Mazda is pictured at the LA Auto Show in Los Angeles, California, U.S., November 20, 2019. REUTERS/Andrew Cullen

Japan’s Mazda Motor Corp. will invest about $10.58 billion to electrify its vehicles, including boosting production of battery EVs, and aims to increase their share in the company’s overall global car sales by 2030.