ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Automobiles

Mazda in $10.6bn EV plan with battery maker Envision AESC

Japanese automaker rushes to secure parts critical to electric vehicle production

Mazda is one of many global automakers rushing to expand EV capacity.   © Reuters

TOKYO -- Japanese automaker Mazda plans to spend about 1.5 trillion yen ($10.6 billion) by 2030 to address its transition to electric vehicles, joining a rush by global carmakers to expand EV capacity.

The company will team up with Kanagawa-based Envision AESC Group, a major auto battery manufacturer owned by a Chinese company, to secure batteries and increase EV production at its plants in Japan, according to sources familiar with Mazda's plans.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more