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10 May
08:13

Toyota to invest nearly $11 billion in EV, AI in FY25

Toyota plans to increase investment in growth areas, including electric vehicles and artificial intelligence, to JPY 1.7 trillion ($10.92 billion) in fiscal year 2025, Kallanish reports. The company said in its financial results press briefing that the investment boost should accelerate the realisation of its multi-pathway strategy, enabling it to increase sales of battery electric and fuel cell electric vehicles. The spending is also expected to create a better …
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