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Speaker 1: Bloomberg Audio Studios, podcasts, radio news.

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Speaker 2: Some auto companies did have to rethink roots after the

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Speaker 2: Francis Scott Keybridge collapse a few weeks ago, and that

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Speaker 2: brings us to the subject of our next guest. Mazda

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Speaker 2: is looking to expand its presence in the US. The

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Speaker 2: company says the timing of its ev quote intentional follower

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Speaker 2: strategy is paying off as demand for hybrid models now

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Speaker 2: continued to rise. Here in studio with more is Masahiro Moro,

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Speaker 2: President and CEO of Mazda Moral Son. Thank you for

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Speaker 2: joining us. We really appreciate it.

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Speaker 3: Thanks for having me.

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Speaker 2: So let's just start. We left off on supply chains.

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Speaker 2: Are you noticing any impact currently in the US when

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Speaker 2: it comes to bringing in vehicles because of the Baltimore

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Speaker 2: bridge collapse.

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Speaker 3: Yeah, at the moment, our operation team has been closely

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Speaker 3: working with the Port of Baltimore and Consound Entity to

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Speaker 3: find out points nearby for inbound business and also we

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Speaker 3: are walking for you know, alternative pots we have in

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Speaker 3: the East Coast Jacksonville temporally to minimize the delay of

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Speaker 3: delivery to the customer. So that is the current outlook

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Speaker 3: and we're looking forward to come back to Portal Baltimore

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Speaker 3: once the operation is back on track.

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Speaker 1: So that's dealing with the finished product, the delivery of

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Speaker 1: those products. As far as making your cars here, are

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Speaker 1: you dealing with any supply chain constraints getting supplies next?

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Speaker 3: We do have a supprise gain issue globally. That is

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Speaker 3: a few reasons behind it. One is the bester shortages

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Speaker 3: during pandemic basery companies to scrap the old bessers and

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Speaker 3: they are near reinvent two more LNG based you know,

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Speaker 3: a bitter fewer efficienttion low CEO two bess That is

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Speaker 3: one reason. The second reason is just mentioned Series canal

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Speaker 3: and the Parlama Canal is able to pass through. And

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Speaker 3: the third reason is a significant increase in export from

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Speaker 3: China mainland. Those contributing to a significant challenge for you know, logistics.

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Speaker 1: Right now, I am curious. I'm glad you brought up

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Speaker 1: China mostly what they're exporting now? Are they those are

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Speaker 1: primarily EV's or are they direct competitors to the models

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Speaker 1: that Masle is producing.

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Speaker 3: It is a combination between Badley pure butterly EV and

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Speaker 3: the range extent and the internal combustion engine. It depends

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Speaker 3: on the blend of all Chinese brand.

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Speaker 2: What car do you think will sell the most EV's

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Speaker 2: hybrids or ic is in the next say five years.

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Speaker 3: I believe it's still internal combustion engine has strong support

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Speaker 3: from the consumers. And secondly, I see a great potential

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Speaker 3: in hybrid that is a product solution for customers. There

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Speaker 3: is no anxiety for range right tho it's a get

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Speaker 3: in your attraction r like that.

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Speaker 1: Well, we've seen that. I'm curious about with the internal

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Speaker 1: combustion engines because we have seen demand by consumers hold up.

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Speaker 1: But the governments aren't necessarily on the same page. You

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Speaker 1: have a major initiatives in the US and Europe, even

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Speaker 1: in China to in order to reduce pollution and carbon

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Speaker 1: the carbon footprint, to get more people to buy electric

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Speaker 1: vehicles or at least alternative fuel vehicles here. Do you

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Speaker 1: not anticipate that those government efforts might push consumers into

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Speaker 1: non ice vehicles.

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Speaker 3: Well, consumer gradually would be better educated. But at the moment,

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Speaker 3: infrastructure and the Bodley calls and applies and affordability many

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Speaker 3: many very high hardro for customer to purchase, so it

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Speaker 3: is going to be a slow adaption. Piece would be expected.

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Speaker 3: Regulation is alongside the different side. We have to deal

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Speaker 3: with that, but we focus on the consumer needs on

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Speaker 3: the moons and line.

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Speaker 1: Before we let you go.

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Speaker 2: You're here, You're in the US. Are you looking to

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Speaker 2: make an investment in the US and would you wait

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Speaker 2: until the presidential election's over to make that call.

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Speaker 3: We have a couple of alternative plans, but the final

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Speaker 3: the dicision is after presidential erection on purpose, No, we

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Speaker 3: need to see you know, it is going to be

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Speaker 3: a big exchange where they expected best upon past experience,

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Speaker 3: I said, in the US, so it's a big swing.

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Speaker 1: So you don't feel comfortable making that investment until you

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Speaker 1: have that visibility.

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Speaker 3: We do have a plan for the investment in the future,

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Speaker 3: but how and timing to be you know, waited.

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Speaker 1: All right, Morsom, We really appreciate you taking time for

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Speaker 1: us on your trip here in the US. Massi Hero Morol.

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Speaker 1: He's a president and CEO of MASTA