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16 Jun
11:31

Toyota to get subsidies to expand Japan’s production of EV batteries

Toyota is set to receive up to JPY 117.8 billion ($835 million) in subsidies from the Japanese government to expand its domestic production of EV batteries. The backing announced by Japan’s industry minister Yasutoshi Nishimura on Friday during a press conference will support Toyota’s next-generation battery plans, which include lithium iron phosphate (LFP) and all-solid-state batteries. Earlier in the week, the carmaker unveiled plans to produce ba…
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