Monday, August 15 2022

Benzinga

Toyota To Invest ~$3.4B In Automotive Batteries In US

Toyota Motor Corp (NYSE: TM) announced a .4 billion investment in automotive batteries in the U.S. through 2030. The investment is for developing and localizing automotive battery production and is part of the company’s global total of $13.5 billion (1.5 trillion yen) set aside for investment in battery development and production announced in September. Toyota will also establish a new company and build an automotive battery plant together with Toyota Tsusho in the U.S. The company expects the p

Source: Yahoo Sports

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