Brief: Toyota Motor Corp - to Invest Up to $5.6 Bln in Japan/U.S. Battery Production

Toyota Tsusho

31/08/2022 07:10

Aug 31 (Reuters) - Toyota Motor Corp  7203.T :
    * TO INVEST UP TO 730 BLN YEN ($5.6 BLN) IN JAPAN/U.S.
BATTERY
PRODUCTION
    * AIM TO BEGIN BATTERY PRODUCTION BETWEEN 2024 AND 2026
    * TO INCREASE COMBINED BATTERY PRODUCTION CAPACITY IN JAPAN
AND
THE UNITED STATES BY UP TO 40 GWH
    * TO INVEST ABOUT 400 BILLION YEN IN JAPAN IN HIMEJI PLANT
OF
PRIME PLANET ENERGY & SOLUTIONS
    * ABOUT $2.5 BILLION TO BE INVESTED IN TOYOTA BATTERY
MANUFACTURING, NORTH CAROLINA

Source text https://global.toyota/en/newsroom/corporate/37964997.html
Further company coverage:  7203.T