Toyota will invest $14.3B in development of a battery supply system and research and development by 2030
Green Car Congress
SEPTEMBER 8, 2021
Toyota has been continuously evolving nickel-metal hydride batteries and lithium-ion batteries for hybrids by taking advantage of their respective characteristics. Improved power efficiency leads to reduced battery capacity, which will result in a cost reduction of 30%. —Masahiko Maeda.
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