Overview
- Mazda said in its fiscal update it will cut electrification investment about 20% to ¥1.2 trillion through 2030 and now targets battery‑electric vehicles at roughly 15% of sales, or 200,000 to 250,000 a year.
- The company pushed its first long‑range, in‑house EV to 2029 at the earliest, so buyers should expect more hybrids and partner-built EVs rather than Mazda‑developed EVs this decade.
- Mazda will grow its hybrid lineup from one to four models by 2027, including a CX‑5 hybrid, with three more hybrids due from 2028 to 2030 using a new Skyactiv‑Z four‑cylinder system.
- Near‑term electric models will come from its Changan joint venture, including the Mazda6e sedan and CX‑6e SUV slated for Australia in 2026, with exports limited to select markets so far.
- CEO Masahiro Moro said the delay triggered no asset write‑offs because Mazda stopped before heavy spending, and the company points to its small 2025 BEV base and uneven EV demand as reasons for this lean approach.