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Suzuki Motor to invest $35bn in EVs and batteries through 2030

The Japanese automobile manufacturer plans to dedicate JPY2trillion ($15.37bn) of the total investment for electrification-related activities, out of which JPY500bn ($3.8bn) would be spent on battery-related projects, while the remaining JPY2.5 trillion ($19.21bn) will be to cover capital expenditures pertaining to BEV battery plant construction and renewable energy facilities