Toyota 'investing like crazy' in new EV batteries but no big sea change expected

Toyota Prius Plug-in Hybrid Europe 2022 front — The European version of the Toyota Prius Plug-in Hybrid.

May 19, 2023 02:31 PM

HIROSHIMA, Japan — Toyota is "investing like crazy" in new battery technologies for electrified vehicles but sees no dramatic breakthrough from today's basic chemistry for at least another decade.

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