Toyota Motor North America announced that it will establish a new company in the United States and jointly establish a car battery factory with Toyota. The goal is to start production in 2025.
According to reports, Toyota Motor announced on Monday that it will make a substantial investment in the US electric vehicle market, saying that by the end of 2030, it will invest US$3.4 billion in the field of electric vehicle batteries, which will be used for the development and production of electric vehicle batteries.
The investment is part of Toyota’s previous commitment to invest USD 13.5 billion in battery development and production plans worldwide.

Benjamin Turner is a journalism graduate with keen interest in covering Technology news – specifically wall street business. He has as a keen eye for technologies and has predicted quite a few successful startups over the last couple of years. Benjamin goal with this website is to report accurately on all kinds of stock news, and have a great deal of passion for Technology news reporting. Benjamin is diligent and proactive when it comes to Technology news reporting.