Toyota on Monday announced plans to invest $3.4 billion in U.S.-built batteries through 2030. It’s part of a $13.5 billion global battery development investment made in September by Toyota Motor Corporation that included a push for reducing battery cost by 50% and improving efficiency by 30% over current EV tech. Of that, Toyota plans to... Toyota plans US-made batteries by 2025: Will more ambitious EV targets follow?
Toyota on Monday announced plans to invest $3.4 billion in U.S.-built batteries through 2030. It’s part of a $13.5 billion global battery development investment made in September by Toyota Motor Corporation that included a push for reducing battery cost by 50% and improving efficiency by 30% over current EV tech. Of that, Toyota plans to...