Toyota Unit to Get $4.5 Million Federal Funding to Support EV Battery Supply Chain

MT Newswires Live12-19

Toyota Motor (TM) said Wednesday that its Toyota Engineering & Manufacturing North America unit is set to receive $4.5 million in federal funding as part of a program that aims to support a circular domestic supply chain for electric vehicle batteries.

The funding will come from the US Department of Energy, Advanced Research Projects Agency-Energy, the company said.

The project aims to develop a template for a 3R facility to help resolve supply chain bottlenecks related to the automation of battery pack disassembly, data-driven battery classification, and cell degradation, according to Toyota.

A division of Toyota Engineering & Manufacturing North America will administer the project in partnership with Oak Ridge National Laboratory, National Renewable Energy Laboratory and Baker Hughes' (BKR) Waygate Technologies, Toyota added.

Price: 178.68, Change: +5.40, Percent Change: +3.12

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