Toyota pledges US$8bil more for battery plant

The company said the latest move will bring its total investment in the EV battery plant to about US$13.9bil and jobs to more than 5,000. — Reuters

NEW YORK: Toyota Motor has said it will boost investment by US$8bil and add about 3,000 jobs at its electric-vehicle (EV) battery manufacturing plant in North Carolina, accelerating the Japanese automaker’s push to electrify its lineup.

The company, which plans to have electrified options for all its models available by 2025, said the latest move will bring its total investment in the plant to about US$13.9bil and jobs to more than 5,000.