Toyota plans $13.6B spending spree to develop EV battery tech by 2030

Toyota Motor Corporation announced on Tuesday that it will spend a massive $13.6 billion, or 1.5 trillion yen, on battery supply systems and research and development of electric vehicle battery technology by 2030. The investment will help the Japanese automaker establish a system for the development and supply of batteries for electrified models. In April, … Continue reading Toyota plans $13.6B spending spree to develop EV battery tech by 2030