Business Standard

Tuesday, December 24, 2024 | 09:27 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

Toyota Motor to invest $5.3 bn in Japan, US for EV battery supply

In addition, about $2.5 billion will be invested in Toyota Battery Manufacturing in North Carolina

Toyota
Premium

Toyota Motor to invest $5.3 bn in Japan, US for EV battery supply.

Reuters
Toyota Motor Corp 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 Japanese automaker said on Wednesday.
 
The firm aims to begin battery production between 2024 and 2026 with an investment intended to augment battery production capacity in both the countries by up to 40 GWh.
 
It will invest about 400 billion yen on Toyota plants and Prime Planet Energy & Solutions Co, a joint venture with Panasonic Holdings Corp, plant in the western Japanese city of Himeji.
 
In addition, about $2.5 billion will be

Disclaimer: No Business Standard Journalist was involved in creation of this content

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in