Carmakers forge ahead with EV investments despite slowdown


EV strategy: A man charges an EV in Kisarazu, Japan. A weaker yen is boosting profits across Japan’s auto sector, giving companies room to bide their time to build capacity and develop EVs at a more deliberate pace. — Bloomberg

TOKYO: Japan’s carmakers are keeping their foot on the accelerator when it comes to investing in electric vehicles (EVs).

Yes, EV sales growth is slowing, executives have said this earnings season.

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