Author: edhome1959
Japan – Toyota to Invest Up to 730 Billion Yen in Japan/U.S. Battery Production
Toyota Motor Corporation (Toyota) has decided to invest up to 730 billion yen (approximately $5.6 billion) in Japan and the United States toward supplying automotive batteries for battery electric vehicles (BEVs), for which demand is growing, and aims to begin battery production between 2024 and 2026. This investment is aimed at enabling Toyota to flexibly meet the needs of its various customers in all countries and regions by offering multiple powertrains and providing as many options as possible. With this investment, Toyota intends to increase its combined battery production capacity in Japan and the United States by up to 40 ... Read more