Toyota to inject $35 billion into 30 battery electric vehicle line-up

Toyota Motor Corp will invest 4 trillion yen ($35 billion) to build a line-up of 30 battery electric vehicles (BEV) by 2030, Reuters reports.

That would be part of an overall investment of 8 trillion yen in electrified vehicles, including hybrids and hydrogen vehicles, by 2030.

The latest commitment to BEV’s goes beyond the 15 models Toyota earlier said it planned to have available by 2025.

Toyota also plans to invest 2 trillion yen in battery production by 2030, up from the 1.5 trillion yen it announced earlier.

Share: