Mazda CEO Foresees Electric Vehicles Making Up To 40% Of Global Sales By 2030
Portfolio Pulse from Benzinga Neuro
Mazda CEO Masahiro Moro anticipates electric vehicles (EVs) will constitute 25-40% of Mazda's global sales by 2030. Moro credits the company's growth to his prior role in North America, promoting larger vehicles. Mazda is preparing to launch its first dedicated EV platform, with close collaboration with Toyota on software and electrical infrastructures. The new EV platform is expected between 2025 and 2027, with plans to design and manufacture EVs in Japan and potentially North America. Despite challenges faced by other automakers like Tesla, General Motors, and Ford, Mazda's strategy could make it a significant player in the EV market.
December 11, 2023 | 2:45 am
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Mazda's CEO projects EVs to be a significant portion of sales by 2030, with a new EV platform in the works and collaboration with Toyota. This strategic move could enhance Mazda's market position.
The CEO's positive outlook on EV sales growth and the upcoming launch of a dedicated EV platform, in collaboration with Toyota, suggests a strong strategic direction for Mazda. This could lead to increased investor confidence and a potential rise in stock price in the short term, as the market responds to Mazda's commitment to the EV sector.
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