ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Automobiles

Toyota to invest $13.6bn in batteries for EVs and hybrids by 2030

Japan automaker likely to invest in China and US as it nurtures eco-friendliness

A Toyota BZ4X concept electric vehicle: Known as a hybrid car pioneer, the Japanese auto giant is focusing more on EVs.   © Reuters

TOKYO -- Toyota Motor will invest 1.5 trillion yen ($13.6 billion) in batteries used for electric and hybrid vehicles by 2030, the company said on Tuesday, without disclosing any plans or locations for new factories.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more