Toyota and Nissan to help raise Japan's battery output capacity by half

TOKYO -- Toyota Motor, Nissan Motor and other companies will invest a total of 1 trillion yen ($7 billion) to expand Japanese production capacity for storage batteries by around 50% with government support, Nikkei has learned.

The investments, which will go mainly toward automotive batteries, would lift capacity to 120 gigawatt-hours from 80 GWh.