Toyota (NYSE: TM) Plans To Invest $8 Billion in EV Battery Plant
Toyota (TM) announces plans to invest an additional $8 billion in its EV battery plant based in the U.S.
The automaker announced that it will invest an additional US$8 billion into its battery plant in North Carolina, increasing the annual production capacity to 30GWh. The battery factory in Liberty, North Carolina, has been under construction since last year and is expected to begin mass production in 2025.
Price Momentum
TM is trading near the top of its 52-week range and above its 200-day simple moving average.
Investors have been pushing the share price higher, and the stock still appears to have upward momentum. This is a positive sign for the stock's future value.
The automaker announced that it will invest an additional US$8 billion into its battery plant in North Carolina, increasing the annual production capacity to 30GWh. The battery factory in Liberty, North Carolina, has been under construction since last year and is expected to begin mass production in 2025.
Price Momentum
TM is trading near the top of its 52-week range and above its 200-day simple moving average.
Investors have been pushing the share price higher, and the stock still appears to have upward momentum. This is a positive sign for the stock's future value.
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