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EV late mover Mazda leans on partners in $10bn electrification drive

Midsize automaker with focus on fuel efficiency sees rushing in as too risky

Mazda Motor's MX-30 electric car is assembled at its Hiroshima plant. (Photo by Ryotaro Yamada)

TOKYO -- Mazda Motor aims to electrify up to 40% of its vehicles sold in 2030 in a measured approach that will rely on outside partners and continued earnings from gasoline-powered cars.

The Japanese automaker's 1.5 trillion yen ($10.6 billion) plan announced Tuesday includes battery partners' investment, and is divided into three-year stages.

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