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Automakers

Toyota will convert engine plants to battery factories in latest EV push

Toyota CEO Akio Toyoda outlines the automaker's BEV strategy.
Toyota is investing $70 billion to electrify its lineup by 2030.  CEO Akio Toyoda outlined the automaker's BEV strategy in December. (REUTERS)
HG
By:
Hans Greimel
September 02, 2022 08:39 AM

TOKYO – Toyota is stepping up its transition from internal combustion engines to battery-powered cars by converting powertrain plants in Japan into battery production sites.

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