Toyota to invest $3.4B in US battery production including $1.3B factory

Toyota plans to spend about $3.4 billion through the end of the decade in the U.S. to speed up development and production of advanced batteries for electric vehicles. This includes building a $1.3 billion factory expected to employ 1,750 people, with production beginning by 2025.

“Toyota's commitment to electrification is about achieving long-term sustainability for the environment, American jobs and consumers.”forbesmiddleeast.com

• 1 source
• forbesmiddleeast.comEV Push: Toyota To Invest $3.4B On US Battery ProductionAlan Ohnsman, Cherry Aisne Trinidad, Joyce Abaño, Kudakwashe MuzoriwaOct 18, 2021

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