Toyota to spend over $13.5 billion on EV batteries by 2030

FAN Editor 4 years ago
Employees walk at the Toyota Motor Corp new plant in Mexico's central state of Guanajuato
FILE PHOTO: Employees walk at the Toyota Motor Corp new plant in Apaseo El Grande in Mexico’s central state of Guanajuato, Mexico February 6, 2020. REUTERS/Sergio Maldonado

September 7, 2021

TOKYO (Reuters) – Toyota Motor Corp said on Tuesday it expects investments for development of its battery supply system and research and development to be about 1.5 trillion yen ($13.65 billion) by 2030.

($1 = 109.8500 yen)

(Reporting by Tim Kelly; Editing by Himani Sarkar)

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