According to Electrive, Toyota aims to boost its battery production to a total of 40 GWh.

This is most likely due to the fact that Toyota and luxury-owned Lexus want to launch 30 new battery-powered EVs by 2030.

Among the projects in which Toyota will invest are the plant of Prime Planet Energy & Solutions, which will be built in partnership with Panasonic as well as the North Carolina battery plant, which will receive a 2.5 billion USD funding.