Toyota to Invest Up to 730 Billion Yen in Japan/U.S. Battery Production

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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.

Toyota to Invest Up to 730 Billion Yen in Japan/U.S. Battery Production

2022-09-01 14:04

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