Japan’s Suzuki to invest $35 bln through FY 2030

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TOKYO, Jan 26 (Reuters) – Japan’s Suzuki Motor Corp will invest a total of 4.5 trillion yen ($34.79 billion) in research and development as well as capital expenditure as part of its growth strategy through fiscal 2030, it said. on Thursday.

The Japanese automaker said it will invest 2 trillion yen to facilitate electrification and autonomous driving technologies, while allocating 2.5 trillion yen to the construction of a battery electric vehicle plant and to facilities of renewable energy. ($1 = 129.3500 yen) (Reporting by Satoshi Sugiyama and Daniel Leussink; Editing by Muralikumar Anantharaman)

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