Toyota to spend $13.5 billion to develop EV battery tech and supply by 2030 – Reuters

Toyota to spend $13.5 billion to develop EV battery tech and supply by 2030 – Reuters

7th September 2021 Industry 0

TOKYO, Sept 7 (Reuters) – Toyota Motor Corp (7203.T) said on Tuesday it expects to spend more than $13.5 billion by 2030 to develop batteries and its battery supply system – a bid to lead in the key automotive technology over the next decade.

The world’s largest automaker by volume, which pioneered hybrid gasoline-electric vehicles with the popular Prius, is now moving rapidly to deliver its first all-electric line-up next year.

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https://www.reuters.com/article/japan-toyota-batteries/toyota-to-spend-13-5-billion-to-develop-ev-battery-tech-and-supply-by-2030-idUSKBN2G30D9