Subaru to Spend $1.9 Billion on Battery Capacity, EV Line
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Subaru Corp. plans to invest around 250 billion yen ($1.9 billion) on electric-vehicle battery capacity over the next five years and will add an EV production line to its main factory in Gunma prefecture in Japan that should begin producing cars from 2027, the automaker said Thursday.
The new line will involve an investment of around 100 billion yen, the Nikkei reported earlier.