TOKYO: Japan's Suzuki Motor said on Thursday (Jan 26) it will invest a total of 4.5 trillion yen (US$34.79 billion) in research and development as well as in capital expenditure as part of its growth strategy through fiscal 2030. The Japanese automaker said it would invest 2 trillion yen to facilitate elec
TOKYO: Japan's Suzuki Motor said on Thursday it will invest a total of 4.5 trillion yen in research and development as well as in capital expenditure as part of its growth strategy through fiscal 2030.
The Japanese automaker said it would invest 2 trillion yen to facilitate electrification and autonomous driving technologies, while allocating 2.5 trillion yen to build battery electric vehicle plant and for renewable energy facilities. Suzuki said it is going to introduce its first battery electric vehicle automobiles in Japan in the financial year 2023, and in the financial year 2024 in Europe and India. It is also seeking to introduce its first battery electric motorcycles globally in financial year 2024.
Suzuki has shown eagerness to leverage its cooperation with car giant Toyota to capture a bigger share of India's budding EV market, which is gaining momentum. Suzuki plans to learn from Toyota how to use EV technology to make small electric cars, its president Toshihiro Suzuki said during a visit to India this month, signalling the firm's readiness to extend its footprint in India's EV market.
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Japan's Suzuki to invest $35 billion through FY 2030TOKYO : Japan's Suzuki Motor Corp said on Thursday it will invest a total of 4.5 trillion yen ($34.79 billion) in research and development as well as in capital expenditure as part of its growth strategy through fiscal 2030.The Japanese automaker said it would invest 2 trillion yen to facilitate electrifi
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Japan whaling firm pins hopes on vending machines to revive salesYOKOHAMA: A Japanese whaling firm unveiled vending machines offering whale sashimi, whale steak and whale bacon in Yokohama on Tuesday (Jan 24) in hopes of reviving sales of a food long in decline and shunned by many supermarkets. Wearing a whale-shaped hat, Kyodo Senpaku President Hideki Tokoro greeted pr
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Rescue efforts under way after cargo ship with 22 aboard sinks off south-western JapanThe Hong Kong-flagged Jin Tian cargo vessel's crew comprised 14 Chinese nationals and eight from Myanmar. Read more at straitstimes.com.
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Japan whaling firm pins hopes on vending machines to revive salesThe products on sale include whale sashimi, steak and bacon that cost from $10 each. Read more at straitstimes.com.
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Japan tries to fix a child custody system under fire from all sidesJapan does not recognise the legal concept of joint custody, or “shared authority” of children. Read more at straitstimes.com.
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Eight missing after ship sinks between Japan and South KoreaTOKYO: The coast guards of Japan and South Korea were searching on Wednesday (Jan 25) for eight crew members from a cargo ship that sank between the two countries, after 14 others were rescued. 'A total of 14 have been rescued,' a spokesman for the Japanese coast guard told AFP. 'We don't know th
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