Suzuki Motor Corp. has warned that the supply of semiconductors and batteries may be tight into the foreseeable future as automakers shift toward electric vehicles, and is planning to increase its stockpiles as a result.

"We will be using many batteries and various chips, more rapidly,” Osamu Honda, Suzuki’s representative director, said at a shareholder meeting on Friday. "We expect chips, batteries and others to always be in tight supply in that case.”

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