Toyota to invest $3.4bln in US auto, EV batteries

Toyota will invest approximately $3.4 billion in automotive batteries in the United States through 2030, the Japanese automaker said on Monday October 18 .

“Specifically, the investment is for developing and localizing automotive battery production, including those for battery electric vehicles, and is part of the global total of [approximately] $13.5 billion (1.5 trillion yen) set aside for investment in battery development and production announced last month by Toyota Motor Corp,” the company said in a...

Published

Orla O'Sullivan

October 18, 2021

21:41 GMT

New York