Toyota Commits Billions More to Battery Manufacturing

Toyota has announced it is upping the ante in its investments to build batteries for BEVs (battery electric vehicles) in the United States and Japan to the tune of approximately $5.6 billion. The announcement follows those of other automakers who have made significant investments in battery production in the U.S., most notably General Motors and Honda. It is not clear if the new investment includes the $3.4 billion the company, along with... (continue reading...)