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(Telematics News) Toyota electrifies future in the U.S. with 10-year, $3.4 billion investment

Toyota electrifies future in the U.S. with 10-year, $3.4 billion investment

Posted: 18 Oct 2021 05:04 AM PDT

Toyota announced that it will invest approximately $3.4 billion (380 billion yen) in automotive batteries in the United States through 2030. The investment is for developing and localizing automotive battery production, including those for battery electric vehicles, and is part of the global total of approx. $13.5 billion (1.5 trillion yen) set aside for investment in battery development and production announced […]

 


Stellantis and LG Energy Solution to form joint venture for lithium-ion battery production in North America

Posted: 17 Oct 2021 09:43 PM PDT

Stellantis and LG Energy Solution announced that their companies have entered into a memorandum of understanding to form a joint venture to produce battery cells and modules for North America. The parties intend that the joint venture will establish a new battery manufacturing facility that will help power Stellantis’ goal of realizing more than 40% […]

 

 

 

 

 

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