Toyota to invest 1.5 trillion yen to develop NEV battery

On September 8, Toyota announced that it will invest 1.Asian Metal Copyright67 billion US dollars to develop and manufacture batteries for new energy vehicles NEVs by 2030.Asian Metal Copyright5 trillion yen (13.Asian Metal Copyright5 trillion yen 13.Asian Metal Copyright67 billion US dollars) to develop and manufacture batteries for new energy vehicles (NEVs) by 2030.Asian Metal Copyright Toyota plans to increase its battery capacity to 200 gigawatts a year, more than 30 times the current level.Asian Metal Copyright Among the investment, about 1 trillion yen (9.Asian Metal Copyright Among the investment, about 1 trillion yen 9.Asian Metal Copyright11 billion US dollars) will be used to expand the production capacity of battery and increase the production lines to 70 or more.Asian Metal CopyrightOn September 8, Toyota announced that it will invest 1.Asian Metal Copyright Toyota plans to increase its battery capacity to 200 gigawatts a year, more than 30 times the current level.
.Asian Metal Copyright Among the investment, about 1 trillion yen 9Asian Metal Copyright