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Toyota targets to reduce electric vehicle battery cost by 50%

Efforts to drive rapid electrification require significant improvements in battery development. Leading Japanese automaker Toyota Motor Corporation is targeting a 50% reduction in battery costs per electrified vehicle by 2030, says Masahiko Maeda, chief technology officer. Maeda provided the update during a presentation on Toyota’s Battery Development and Supply on September 7, 2021. Much of […]

The post Toyota targets to reduce electric vehicle battery cost by 50% appeared first on F&L Asia.

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