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

October 19, 2021 / www.metalbulletin.com / Article Link

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

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