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.
Investments, however, are likely to be made in the automaker's major markets, including China and the U.S. In Japan, the company is planning to expand production through a joint venture with Panasonic.
