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Toyota to invest $11 billion in EVs, other future mobility, after making record profit from hybrid cars

By Sachiko Sakamaki ( May 8, 2024, 09:14 GMT | Insight) -- Toyota Motor said today that it plans to invest $10.9 billion in the coming year to become a mobility company with multiple types of vehicles with low-carbon emissions, and to establish a foundation to build software-defined vehicles. Toyota Motor said today that plans to invest 1.7 trillion yen ($10.9 billion) in the coming year to become a mobility company with multiple types of vehicles with low-carbon emissions, and to establish a foundation to build software-defined vehicles. ...

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