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Stock Market News

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

08/31/2022

Less than a minute

2022.08.31 09:38

Toyota Motor to invest about $5.3 billion in Japan and U.S
FILE PHOTO: Toyota Motor Corporation’s bZ Compact SUV is pictured after a briefing on the company’s strategies on battery EVs in Tokyo, Japan, December 14, 2021. REUTERS/Kim Kyung-Hoon

(Reuters) – Japanese automaker Toyota Motor (NYSE:TM) 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.

($1 = 138.4300 yen)

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08/31/2022

Less than a minute