Toyota invests $2 billion in EV development in Indonesia

Toyota plans to invest $2 billion in the development of electric vehicles in Indonesia over the next four years. Initial investments will go into hybrid cars. Toyota president Akio Toyoda and the Indonesian government agreed on the plan in Osaka on Thursday, Reuters reported. In an official statement, Akio Toyoda confirmed that “from 2019 to … Continue reading Toyota invests $2 billion in EV development in Indonesia