Toyota to invest up to JPY 730 billion in Japan and U.S. for battery production

On August 31, Toyota announced to invest up to JPY 730 billion (approximately USD 5.6 billion) in Japan and the United States toward supplying automotive batteries for battery electric vehicles (BEVs) and aims to begin battery production between 2024 and 2026.
With this investment, Toyota intends to increase its comb....

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