US EditionJapan to give Toyota $841 million support for domestic EV battery output
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Japan to give Toyota $841 million support for domestic EV battery output
TOKYO (Reuters) -Japan will give Toyota up to $841 million in subsidies for the automaker's investment in domestic production of batteries used in electric vehicles (EVs), Industry Minister Yasutoshi
Japan to give Toyota $841-M support for domestic EV battery output
TOKYO -Japan will give Toyota up to $841 million in subsidies for the automaker’s investment in domestic production of batteries used in electric vehicles (EVs), Industry Minister Yasutoshi Nishimura said on Friday. Toyota this week laid out a sweeping plan for new technology and a radical redesign of factories, sending the clearest signal yet of […] The post Japan to give Toyota $841-M support for domestic EV battery output appeared first on I…
Japan to give Toyota $841 million support for domestic EV battery output
Japan's Ministry of Economy, Trade and Industry is going to provide $841m in subsidies for Toyota to expand its domestic production of batteries used in electric vehicles. Minister believes that this move would strengthen Japan's supply chain for storage batteries. The government said mass production of the batteries was expected to start in stages from October 2026 onwards.
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