Toyota Spending $13.7 Billion to Secure EV Battery Supplies

Bloomberg2021-09-07

Capital expenditure is for production equipment, R&D. Automaker sees greater demand for battery electric vehicles. Toyota Motor Corp.plans to spend 1.5 trillion yen ($13.7 billion) on the supply and ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Minidarling
2021-09-07
Minidarling
With all the EVs that are up and coming, what’s going to happen to all the batteries when their lifespan has ended ?
Tadalada
2021-09-07
Tadalada
Pls like
- Ktzy321:
  Like
Hodl
2021-09-07
Hodl
[Grin]
- Minidarling:
  Smile
linereps
2021-09-07
linereps
Nice
- TokHao:
  lol
- Tadalada:
  Ok

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1157020562?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-09-07 19:06","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1157020562","market":"us","top_or_hot":-1,"title":"Toyota Spending $13.7 Billion to Secure EV Battery Supplies","media":"Bloomberg","content":"<div>\n<p>Capital expenditure is for production equipment, R&D.\nAutomaker sees greater demand for battery electric vehicles.\n\nToyota Motor Corp.plans to spend 1.5 trillion yen ($13.7 billion) on the supply and ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-09-07/toyota-spending-13-7-billion-to-secure-ev-battery-supplies\">Source Link</a>\n\n</div>\n","source":"lsy1584095487587","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Toyota Spending $13.7 Billion to Secure EV Battery Supplies</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nToyota Spending $13.7 Billion to Secure EV Battery Supplies\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-07 19:06 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-09-07/toyota-spending-13-7-billion-to-secure-ev-battery-supplies><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Capital expenditure is for production equipment, R&D.\nAutomaker sees greater demand for battery electric vehicles.\n\nToyota Motor Corp.plans to spend 1.5 trillion yen ($13.7 billion) on the supply and ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-09-07/toyota-spending-13-7-billion-to-secure-ev-battery-supplies\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TM","symbol_name":"丰田汽车","start_time":0,"source_url":"https://www.bloomberg.com/news/articles/2021-09-07/toyota-spending-13-7-billion-to-secure-ev-battery-supplies","article_id":"1157020562","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1157020562","pubTimestamp":1631012787,"sourceInfo":{"source_id":"lsy1584095487587","name":"Bloomberg"},"weMediaInfo":null,"summary":"Capital expenditure is for production equipment, R&D.\nAutomaker sees greater demand for battery elec","collect":0,"end_time":0,"defaultTopTitle":"bloomberg.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"TM":"丰田汽车"},"translate_title":"丰田汽车斥资137亿美元确保电动汽车电池供应","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TM":0.9},"content_text":"Capital expenditure is for production equipment, R&D.\nAutomaker sees greater demand for battery electric vehicles.\n\nToyota Motor Corp.plans to spend 1.5 trillion yen ($13.7 billion) on the supply and development of batteries for hybrid and electric vehicles by 2030, joining other global automakers boosting investments in anticipation of greater demand.\nThe world’s No. 1 automaker will commit roughly 1 trillion yen for production lines, Toyota executives announced at an online briefing Tuesday. It will also seek to set up 70 EV battery lines by 2030 and is aiming to secure 200 gWh of battery supply by then, up from its previous goal of 180 gWh.\nBMW AGdisclosed on Monday that it will increase orders for battery cells to more than20 billion euros($23.8 billion), up from 12 billion euros previously. While Toyota’s moves appear slight compared toVolkswagen AG’s$29 billion pushto build six battery factories in Europe for a total of 240 gWh by the end of the decade, they reflect a more bullish stance from the Japanese automaker, which in the past had questioned whether the high cost of electric vehicles will inhibit their near-term spread.\nNow, Toyota is readying 200 gWh worth of batteries “or more” based on the potential of battery EVs “spreading quicker than expected,” Chief Technology Officer Masahiko Maeda said at the briefing. “Zero-emission vehicles are important in regions where renewable energy is widely adopted,” Maeda said. That’s why “Toyota is preparing a full lineup of CO2 emission-reducing vehicles,” he said.\nEarlier this year, Toyotaannouncedplans to introduce 15 EVs globally by 2025, to a certain extent quelling concerns that it is falling behind in the industrywide pivot to electric cars. Seven of the models are part of Toyota’s new “bZ” series, the first of which was previewed at the 2021 Shanghai Auto Show in April.\nStill, at the briefing Tuesday, Toyota stuck to its usual messaging that non-EV cars such as hybrids will continue to play a lasting role in global auto markets in the coming decades. Although the emissions-reducing potential of an EV is three times that of a hybrid, “we can provide hybrids at an affordable price,” Maeda said. That’s why at the moment “using hybrids is an effective way of reducing carbon emissions.”\nGoing forward, Toyota will look to make a number of improvements to its batteries to lower the total cost of EVs. The company is targeting a per vehicle cost reduction of 50% for its future batteries, according to Maeda. Toyota also sees solid-state batteries boosting the performance of hybrid and battery-electric cars, and is looking to put the next-generation batteries into practical use in the first half of the decade, he said.\nWhile the path to decarbonization of the auto industry remains unclear in many ways, “Toyota’s laid out a path forward that allows it to adapt to various changes,” wrote Bloomberg Intelligence analyst Tatsuo Yoshida wrote in a note. Based on factors such as various regions’ uptake of renewable energy, “Toyota will be able to respond flexibly,” Yoshida said.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":880394661,"gmtCreate":1631017721753,"gmtModify":1676530443189,"author":{"id":"3569316918312189","authorId":"3569316918312189","name":"Minidarling","avatar":"https://static.tigerbbs.com/911ab5863f184fb41ddc75f4e45b595e","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3569316918312189","idStr":"3569316918312189"},"htmlText":"With all the EVs that are up and coming, what’s going to happen to all the batteries when their lifespan has ended ?","listText":"With all the EVs that are up and coming, what’s going to happen to all the batteries when their lifespan has ended ?","text":"With all the EVs that are up and coming, what’s going to happen to all the batteries when their lifespan has ended ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/880394661","repostId":1157020562,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":880955873,"gmtCreate":1631013638492,"gmtModify":1676530442048,"author":{"id":"3572826093389291","authorId":"3572826093389291","name":"Tadalada","avatar":"https://static.tigerbbs.com/b72694826dfd7043f27335bde2e7e70b","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":5,"crmLevelSwitch":0,"authorIdStr":"3572826093389291","idStr":"3572826093389291"},"htmlText":"Pls like","listText":"Pls like","text":"Pls like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/880955873","repostId":1157020562,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5780640,"gmtCreate":1631015243751,"gmtModify":1663233509444,"authorId":4087719824376500,"author":{"id":4087719824376500,"idStr":"4087719824376500","authorId":4087719824376500,"name":"Ktzy321","avatar":"https://static.tigerbbs.com/66a1c6e8a91ec4b49afc6e9790b41017","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":880955873,"type":1,"supId":0,"prevId":0,"content":"Like","text":"Like","html":"Like"}],"langContent":"EN"},{"id":880951424,"gmtCreate":1631013094468,"gmtModify":1676530441967,"author":{"id":"3579666066637422","authorId":"3579666066637422","name":"Hodl","avatar":"https://static.tigerbbs.com/d591a82f579d3114da9795812a4217a0","vip":1,"crmLevel":3,"crmLevelSwitch":0,"authorIdStr":"3579666066637422","idStr":"3579666066637422"},"htmlText":"[Grin]&nbsp;","listText":"[Grin]&nbsp;","text":"[Grin]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/880951424","repostId":1157020562,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5780941,"gmtCreate":1631017742999,"gmtModify":1663233511238,"authorId":3569316918312189,"author":{"id":3569316918312189,"idStr":"3569316918312189","authorId":3569316918312189,"name":"Minidarling","avatar":"https://static.tigerbbs.com/911ab5863f184fb41ddc75f4e45b595e","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":880951424,"type":1,"supId":0,"prevId":0,"content":"Smile","text":"Smile","html":"Smile"}],"langContent":"EN"},{"id":880953303,"gmtCreate":1631012941002,"gmtModify":1676530441921,"author":{"id":"3571046202315678","authorId":"3571046202315678","name":"linereps","avatar":"https://static.tigerbbs.com/3d348014f82002028e364ade841b3433","vip":1,"crmLevel":7,"crmLevelSwitch":1,"authorIdStr":"3571046202315678","idStr":"3571046202315678"},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/880953303","repostId":1157020562,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5780473,"gmtCreate":1631013254396,"gmtModify":1663233509940,"authorId":3583494083549409,"author":{"id":3583494083549409,"idStr":"3583494083549409","authorId":3583494083549409,"name":"TokHao","avatar":"https://static.tigerbbs.com/8a94d0dc6dec5e80c0617fc6e06bce58","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":880953303,"type":1,"supId":0,"prevId":0,"content":"lol","text":"lol","html":"lol"},{"id":5780499,"gmtCreate":1631013646277,"gmtModify":1635128635660,"authorId":3572826093389291,"author":{"id":3572826093389291,"idStr":"3572826093389291","authorId":3572826093389291,"name":"Tadalada","avatar":"https://static.tigerbbs.com/b72694826dfd7043f27335bde2e7e70b","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":880953303,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"}],"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":17,"commentSize":4,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1157020562"}