Toyota to invest $5.2bn to expand EV battery manufacture in Japan, US

Toyota Crossover EV

The investment in battery production is a significant step forward for the global automaker whose emissions-cutting efforts have focused on hybridisation over EVs.

On and off the world’s largest car company by unit sales, a title it trades with Germany’s Volkswagen Group, the Japanese automaker has been much slower to embrace fully-electric cars, having instead focused on the hybridisation of most of its range as well as the launch of its hydrogen-powered Mirai.

Volkswagen, propelled by the damage of the diesel emissions scandal, has been selling EV variants of its Golf and Up! for several years and is expanding its all electric I.D. model range.

THIS ARTICLE IS AVAILABLE TO REGISTERED USERS ONLY.

To continue reading this article and others like it, please SIGN-IN or REGISTER FREE today

Join us today for free

AMS Comp Tablet and print phone image 400px

Register free now to stay up-to-date with the latest industry developments, trends, and analysis, to find in-depth reports and intelligence and to connect with your peers.

Your free registration includes:

  • Access to our exclusive content
  • Bi-Weekly enewsletter
  • Option to save articles to a personal library
  • Ability to comment on articles
  • Full access to the digital news archives
  • Ability to manage your profile and communication preferences

Gain access to our exclusive content and features register free today

Non-registered users are able to access two AMS exclusive articles per week. You have now used your allocation.
To continue reading this article and others like it, please SIGN-IN or REGISTER FREE today.