Published 2 years ago

Toyota plans to invest in EV in Indonesia, $1.8 billion in 5 years = government

Summary by Ground News

Toyota Motor Corp plans to invest 27.1 trillion rupiah (US$1.80 billion) in Indonesia in the next five years. Indonesia aims to become a global hub for producing and exporting EVs. The Southeast Asian country has rich supplies of nickel laterite ore for use in lithium batteries.

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Times of India

Toyota plans $1.8 bn investment to build electric vehicles in Indonesia

A string of other global companies have already announced big investments in this area including South Korea's Hyundai Motor Group and LG Energy Solutions, a unit of LG Group. Indonesia's chief economics minister Airlangga Hartarto said in a statement Toyota had invested 14 trillion rupiah in the country since 2019.

2 years ago·India

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CTV News

Ontario government to invest nearly $1.8 million in Windsor housing supports

The Ontario government announced Tuesday it is investing nearly $1.8 million to help create 26 supportive housing units for Windsor’s vulnerable populations.

2 years ago·Canada

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Reuters

Toyota plans to invest in EV in Indonesia, $1.8 billion in 5 years = government

[JAKARTA 27th Reuters] - Toyota Motor Corporation plans to invest Rp 2710 trillion (1.8 billion dollars) in Indonesia over the next five years for electric vehicle (EV) production. The Indonesian government announced it on the 27th. It is said that Coordinating Minister Airlanga (in charge of the economy) met with Toyota's Vice Chairman Hayakawa Shigeru in Tokyo on the 26th. No comments have been received from Toyota so far.

2 years ago·United Kingdom

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Channel News Asia

Toyota plans US$1.8 billion Indonesia investment to build electric vehicles

JAKARTA: Japanese carmaker Toyota Motor Corp plans to invest 27.1 trillion rupiah (US$1.80 billion) in Indonesia in the next five years to produce electric vehicles (EVs), Indonesia's economics ministry said on Wednesday (Jul 27). The Southeast Asian country aims to become a global hub for producing and ex

2 years ago·Singapore

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Bangkok Post

Toyota plans $1.8bn Indonesia investment to build electric vehicles

JAKARTA: Japanese carmaker Toyota Motor Corp plans to invest 27.1 trillion rupiah ($1.80 billion, 66 billion baht) in Indonesia in the next five years to produce electric vehicles (EVs), Indonesia's economics ministry said on Wednesday.

2 years ago·กทม, Thailand

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