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Toyota will invest $5.6 billion in the production of batteries for electric vehicles

31.08.2022 ТАСС 67 просмотров

The company expects to modernize existing production lines and build new ones.

The Japanese automobile concern Toyota Motor has decided to invest 730 billion yen (about 5.6 billion dollars) in the production of autonomous batteries for electric vehicles. The company announced this on Wednesday.

In the avktokonserny message published, it is noted that the production of such batteries is planned to begin between 2024 and 2026. Toyota expects to modernize existing ones, as well as build new and more efficient production lines in Japan and the United States.

In particular, approximately two-thirds of the funds will be used to modernize the company's complex of enterprises in the Japanese prefecture of Hyogo, and the remaining funds will be invested in production facilities located in the US state of North Carolina.

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