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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.

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