Toyota to expand Japan EV battery output with $850m subsidy

Toyota to expand Japan EV battery output with $850m subsidy

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TOKYO/NAGOYA -- Japan's industry ministry will provide a roughly 120 billion yen ($853 million) subsidy to Toyota Motor to expand its production of electric-vehicle batteries, Nikkei has learned, in a bid to boost domestic output and curb supply chain risks. The Ministry of Economy, Trade and…

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