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Toyota Motor to invest about $5.3 bln in Japan and U.S.

Toyota Motor Corp to invest up to 730 billion yen ($5.27 billion) in Japan and the United States towards supplying automotive batteries for battery electric vehicles. (File/Reuters)
Toyota Motor Corp to invest up to 730 billion yen ($5.27 billion) in Japan and the United States towards supplying automotive batteries for battery electric vehicles. (File/Reuters)
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31 Aug 2022 04:08:35 GMT9
31 Aug 2022 04:08:35 GMT9

Japanese automaker Toyota Motor Corp said on Wednesday it will invest up to 730 billion yen ($5.27 billion) in Japan and the United States towards supplying automotive batteries for battery electric vehicles. 

The automaker aims to begin battery production between 2024 and 2026. 

Reuters

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