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Toyota intends to invest 1.5 trillion yen to develop new energy vehicle batteries

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[Toyota plans to invest 1.5 trillion yen to develop new energy vehicle batteries]Toyota Motor Corporation of Japan announced on the 7th that by 2030, it will invest 1.5 trillion yen (approximately RMB 87.98 billion) in the research and development of new energy vehicle batteries And manufacturing. In order to meet the increasingly stringent emission standards in the global market, Toyota plans to increase the production and sales of hybrid and pure electric vehicles. The goal is to sell 8 million electric vehicles worldwide in 2030, nearly three times the current sales. (Xinhua News Agency)


Japan’s Toyota Motor Corporation announced on the 7th that by 2030, it will invest 1.5 trillion yen (approximately 87.98 billion yuan) in the development and manufacturing of new energy vehicle batteries.

Of the above investment, about 1 trillion yen (58.65 billion yuan) will be mainly used to expand battery production capacity and increase production lines to 70 or more. Toyota plans to increase the installed battery capacity to 200 GW per year, more than 30 times the current level.

Toyota intends to focus on reducing battery manufacturing costs and improving battery efficiency. In a few years, it will reduce the battery cost of each pure electric or hybrid vehicle produced by 50%.

In order to meet the increasingly stringent emission standards in the global market, Toyota plans to increase the production and sales of hybrid and pure electric vehicles. The goal is to sell 8 million electric vehicles worldwide in 2030, nearly three times the current sales.

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(Source: Xinhua News Agency)

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