Toyota, Nissan to support Japan's battery production capacity, Nikkei reports

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Toyota, Nissan to support Japan's battery production capacity, Nikkei reports - Channel News Asia

Quick Summary:

Toyota Motor, Nissan Motor and other companies will help expand Japanese production capacity for storage batteries by around 50 per cent with government support through a total investment of 1 trillion yen ($6.97 billion), the Nikkei reported on Friday.($1 = 143.

FILE PHOTO: A man walks past a Toyota logo at the Tokyo Motor Show, in Tokyo, Japan October 24, 2019.

FILE PHOTO: The logo of Nissan Motor Corp.is displayed the company's showroom in Tokyo, Japan November 11, 2020.