Since the provision of automobile batteries is necessary for electric-powered cars.
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As a result, Toyota, the massive Japanese automaker, plans to begin producing batteries in 2024–2026.
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Toyota stated in a statement that it might raise its total battery production capacity to 40 GWh in both the US and Japan.
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The business added that Prime Planet Energy and Solutions Co., Ltd. is making an approximate Y400 billion investment in its Himeji facility.
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as well as in Toyota's Japanese operations and assets USA 2016, Toyota is planning to invest
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To increase the production of automobile batteries, North Carolina will manufacture batteries worth about Y325 billion.
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Japanese automaker Toyota is joining the rapidly expanding EV battery market at a time when other Asian businesses are also doing so.
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Honda Motor Co., a rival of Toyota, also revealed plans on Monday to construct a $4.4 billion electric vehicle (EV) battery plant in the US in partnership with LG Energy Solutions Ltd. of South Korea.
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