Japan's Suzuki to invest $35 billion through 2030 in EVs


FILE PHOTO: The logo of Suzuki Motor Corp. is pictured at the 45th Tokyo Motor Show in Tokyo, Japan October 25, 2017. Picture taken October 25, 2017. REUTERS/Toru Hanai

TOKYO (Reuters) -Suzuki Motor Corp 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.

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