DOJ Reaches Settlement With Blackstone’s LivCor Over Alleged Rent Price-Fixing 
Novo Nordisk Stock Surges After FDA Approves Wegovy Pill for Weight Loss 
Warner Bros Discovery Weighs Amended Paramount Skydance Bid as Netflix Takeover Battle Intensifies 
BOJ Minutes Reveal Growing Debate Over Interest Rate Hikes and Inflation Risks 
Russian Stocks End Lower as Energy and Mining Shares Weigh on MOEX Index 
BP Nears $10 Billion Castrol Stake Sale to Stonepeak 
U.S. Stocks Hold Steady After Christmas as Trading Volumes Stay Light 
U.S. Stocks Rally to Record Highs as AI Rebound Fuels Holiday-Shortened Session 
Warner Bros. Discovery Shares Slide Amid Report of Potential Paramount Skydance Lawsuit 
John Carreyrou Sues Major AI Firms Over Alleged Copyrighted Book Use in AI Training 
Brazilian Oil Workers’ Strike Continues as Key Petrobras Union Rejects Proposal 
Saks Global Weighs Chapter 11 Bankruptcy Amid Debt Pressures and Luxury Retail Slowdown 
Asian Markets Rise as AI Rally Caps 2025, Gold and Silver Hit Record Highs 
Argentina Congress Approves 2026 Budget Under Milei, Marking First Legislative Passage Since 2023 
Sanofi to Acquire Dynavax in $2.2 Billion Deal to Strengthen Vaccines Portfolio 
UBS Warns of Short-Term Risks as Precious Metals Rally to Record Highs 
Nvidia to Acquire Groq in $20 Billion Deal to Boost AI Chip Dominance 
Toyota Motor Corp's North American division is investing around $3.4 billion in the production of batteries in the United States. This plan was announced on Monday, Oct. 18.
To be more exact, the investment is for Toyota's automotive battery development project as well as production in the U.S. through 2030. According to Reuters, the carmaker further shared that it also has plans to set up a new company and construct a new battery plant in partnership with Toyota Tsusho, the company's metals trading arm.
It was reported that $1.29 billion would be spent on the new factory. The goal is to begin production in the facility by 2025 and this is expected to create at least 1,750 new jobs in the U.S.
The funding for this is said to be part of the initial $13.5 billion that Toyota already announced last month. The amount is to be spent globally by 2030 for the battery development and its battery supply system.
Toyota's main goal for its battery project is to cut the cost of its batteries by 30% or more. The company is planning to work on the materials and the method in which the cells are structured to be able to lower the price.
"Toyota's commitment to electrification is about achieving long-term sustainability for the environment, American jobs and consumers," Toyota Motor North America's chief executive officer, Ted Ogawa, said in a press release. "This investment will help usher in more affordable electrified vehicles for U.S. consumers, significantly reduce carbon emissions, and importantly, create even more American jobs tied to the future of mobility."
At any rate, carmakers around the world are working to shift to electric vehicles. Most major brands are already investing billions for their EV push as the environmental regulations are also being tightened.
Apparently, Toyota is also in the list of brands that are making big changes in their production to comply with the new policies for less carbon emissions. Toyota was said to have been getting criticism from environmental groups since it has not shifted to battery-powered vehicles so this new investment and building of plants for vehicle batteries is just an indication that the company also cares and is ready for the change for a greener Earth.
